Avidian Wealth Enterprises LLC Has $910,000 Stake in The Boeing Company $BA

Avidian Wealth Enterprises LLC lifted its holdings in The Boeing Company (NYSE:BA) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,342 shares of the aircraft producer’s stock after acquiring an additional 253 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Boeing were worth $910,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Revolve Wealth Partners LLC bought a new position in shares of Boeing in the fourth quarter valued at $201,000. GAMMA Investing LLC increased its position in shares of Boeing by 13.9% during the first quarter. GAMMA Investing LLC now owns 5,851 shares of the aircraft producer’s stock worth $998,000 after acquiring an additional 716 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Boeing by 7.1% in the 1st quarter. JFS Wealth Advisors LLC now owns 4,408 shares of the aircraft producer’s stock worth $752,000 after acquiring an additional 292 shares during the last quarter. Narwhal Capital Management lifted its position in Boeing by 10.6% in the 1st quarter. Narwhal Capital Management now owns 3,227 shares of the aircraft producer’s stock valued at $550,000 after acquiring an additional 310 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in Boeing by 10.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 414,657 shares of the aircraft producer’s stock valued at $70,720,000 after acquiring an additional 39,806 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Up 0.2%

Shares of BA stock opened at $217.29 on Wednesday. The firm has a market cap of $164.30 billion, a P/E ratio of -13.16 and a beta of 1.47. The business has a 50-day moving average price of $222.62 and a two-hundred day moving average price of $208.85. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the company posted ($2.90) earnings per share. As a group, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the sale, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of the stock in a transaction on Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent research reports. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and lifted their target price for the company from $242.00 to $270.00 in a research report on Monday, September 8th. Barclays increased their price target on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Rothschild & Co Redburn upgraded Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective for the company in a research note on Friday, June 27th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $240.20.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.