The Boeing Company $BA Position Reduced by Moser Wealth Advisors LLC

Moser Wealth Advisors LLC trimmed its stake in shares of The Boeing Company (NYSE:BA) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,896 shares of the aircraft producer’s stock after selling 244 shares during the quarter. Moser Wealth Advisors LLC’s holdings in Boeing were worth $816,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BA. Harbor Asset Planning Inc. bought a new position in Boeing during the 2nd quarter valued at $25,000. Piscataqua Savings Bank grew its position in Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares during the last quarter. Monetary Management Group Inc. grew its position in Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after purchasing an additional 50 shares during the last quarter. IMG Wealth Management Inc. boosted its holdings in shares of Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after acquiring an additional 110 shares in the last quarter. Finally, Keener Financial Planning LLC bought a new position in shares of Boeing in the second quarter valued at approximately $41,000. 64.82% of the stock is currently owned by institutional investors.

Insider Activity at Boeing

In related news, Director Mortimer J. Buckley bought 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director directly owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the sale, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Boeing Price Performance

BA stock opened at $217.52 on Friday. The firm has a market cap of $164.48 billion, a PE ratio of -13.18 and a beta of 1.47. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The firm has a 50 day simple moving average of $221.97 and a 200 day simple moving average of $209.45.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS 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 analyst estimates of $20.13 billion. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($2.90) EPS. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. increased their target price on shares of Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Jefferies Financial Group set a $255.00 target price on shares of Boeing in a research note on Tuesday, September 30th. Finally, Sanford C. Bernstein increased their target price on shares of Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.32.

Boeing Company 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.