Alexander Labrunerie & CO. Inc. Boosts Holdings in The Boeing Company $BA

Alexander Labrunerie & CO. Inc. grew its holdings in shares of The Boeing Company (NYSE:BA) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,002 shares of the aircraft producer’s stock after acquiring an additional 88 shares during the quarter. Alexander Labrunerie & CO. Inc.’s holdings in Boeing were worth $629,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BA. Revolve Wealth Partners LLC purchased a new position in shares of Boeing during the fourth quarter worth approximately $201,000. GAMMA Investing LLC grew its holdings in shares of Boeing by 13.9% in the first quarter. GAMMA Investing LLC now owns 5,851 shares of the aircraft producer’s stock worth $998,000 after purchasing an additional 716 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Boeing by 101.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 13,929 shares of the aircraft producer’s stock worth $2,376,000 after purchasing an additional 7,002 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Boeing by 13.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 111,636 shares of the aircraft producer’s stock worth $18,774,000 after purchasing an additional 13,180 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of Boeing by 38.3% in the first quarter. Golden State Wealth Management LLC now owns 5,250 shares of the aircraft producer’s stock worth $896,000 after purchasing an additional 1,454 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

BA has been the topic of several recent analyst reports. Barclays raised their target price on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Bank of America raised their target price on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Susquehanna restated a “positive” rating and issued a $270.00 target price on shares of Boeing in a report on Monday, September 15th. Finally, Jefferies Financial Group set a $255.00 target price on shares of Boeing in a report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $242.32.

Boeing Price Performance

Shares of BA opened at $223.01 on Tuesday. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The company has a 50-day simple moving average of $221.49 and a two-hundred day simple moving average of $211.29. The firm has a market capitalization of $168.63 billion, a PE ratio of -13.51 and a beta of 1.47.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 business had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same period in the previous year, the business earned ($2.90) EPS. Boeing’s revenue for the quarter was up 34.9% compared to the same quarter last year. Analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.