Leelyn Smith LLC Has $4.79 Million Holdings in The Boeing Company $BA

Leelyn Smith LLC increased its stake in The Boeing Company (NYSE:BA) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,841 shares of the aircraft producer’s stock after purchasing an additional 311 shares during the period. Leelyn Smith LLC’s holdings in Boeing were worth $4,786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wallace Advisory Group LLC lifted its stake in Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after purchasing an additional 44 shares in the last quarter. Aspire Capital Advisors LLC lifted its stake in Boeing by 0.8% in the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after purchasing an additional 45 shares in the last quarter. Lantz Financial LLC lifted its stake in Boeing by 1.5% in the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after purchasing an additional 46 shares in the last quarter. Atlas Brown Inc. lifted its stake in Boeing by 0.7% in the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock worth $1,362,000 after purchasing an additional 48 shares in the last quarter. Finally, Moody National Bank Trust Division raised its position in shares of Boeing by 2.7% during the 2nd quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer’s stock valued at $385,000 after buying an additional 48 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 1.5%

Shares of BA opened at $221.13 on Friday. The firm’s 50-day moving average price is $221.68 and its 200-day moving average price is $210.01. The firm has a market capitalization of $167.21 billion, a price-to-earnings ratio of -13.39 and a beta of 1.47. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69.

Boeing (NYSE:BA) last announced its earnings results 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 firm had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. The company’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter last year, the firm earned ($2.90) earnings per share. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BA shares. Rothschild & Co Redburn upgraded shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective on the stock in a research report on Friday, June 27th. KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a report on Monday, July 28th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and increased their target price for the company from $242.00 to $270.00 in a report on Monday, September 8th. Finally, UBS Group set a $280.00 target price on shares of Boeing and gave the company a “buy” rating in a report on Wednesday, July 30th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $242.32.

Insider Transactions at Boeing

In other news, Director Mortimer J. Buckley bought 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares of the company’s stock, valued at approximately $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 the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated 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 transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate 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.