Bleakley Financial Group LLC Acquires 1,586 Shares of The Boeing Company $BA

Bleakley Financial Group LLC increased its stake in The Boeing Company (NYSE:BA) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,684 shares of the aircraft producer’s stock after purchasing an additional 1,586 shares during the quarter. Bleakley Financial Group LLC’s holdings in Boeing were worth $3,705,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Revolve Wealth Partners LLC purchased a new position in Boeing during the fourth quarter valued at approximately $201,000. GAMMA Investing LLC raised its position in shares of Boeing by 13.9% during the 1st quarter. GAMMA Investing LLC now owns 5,851 shares of the aircraft producer’s stock valued at $998,000 after purchasing an additional 716 shares during the period. Consolidated Portfolio Review Corp lifted its stake in shares of Boeing by 8.0% during the 1st quarter. Consolidated Portfolio Review Corp now owns 1,451 shares of the aircraft producer’s stock valued at $247,000 after buying an additional 107 shares in the last quarter. Alpine Bank Wealth Management bought a new position in Boeing in the 1st quarter worth $101,000. Finally, Wealth Effects LLC increased its stake in Boeing by 1.7% in the 1st quarter. Wealth Effects LLC now owns 9,616 shares of the aircraft producer’s stock worth $1,640,000 after buying an additional 160 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Susquehanna reaffirmed a “positive” rating and issued a $270.00 price objective on shares of Boeing in a research note on Monday, September 15th. JPMorgan Chase & Co. boosted their price target on Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 price objective on shares of Boeing in a report on Monday, September 29th. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Finally, Bank of America upped their target price on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $242.32.

Boeing Stock Performance

NYSE BA opened at $217.52 on Friday. The stock has a 50 day moving average price of $221.97 and a 200-day moving average price of $209.45. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The company has a market capitalization of $164.48 billion, a P/E ratio of -13.18 and a beta of 1.47.

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

Insider Transactions at Boeing

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

Boeing Profile

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.