Analyst IMS Investment Management Services Ltd. Purchases 4,413 Shares of The Boeing Company $BA

Analyst IMS Investment Management Services Ltd. grew its position in shares of The Boeing Company (NYSE:BA) by 302.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,874 shares of the aircraft producer’s stock after acquiring an additional 4,413 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in Boeing were worth $1,231,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BA. Wallace Advisory Group LLC increased its holdings in shares of Boeing by 1.2% in the second quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after buying an additional 44 shares during the period. Aspire Capital Advisors LLC increased its holdings in shares of Boeing by 0.8% in the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after buying an additional 45 shares during the period. Lantz Financial LLC increased its holdings in shares of Boeing by 1.5% in the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after buying an additional 46 shares during the period. Atlas Brown Inc. increased its holdings in shares of Boeing by 0.7% in the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock worth $1,362,000 after buying an additional 48 shares during the period. Finally, Moody National Bank Trust Division increased its holdings in shares of Boeing by 2.7% in the second quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer’s stock worth $385,000 after buying an additional 48 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

BA stock opened at $223.60 on Wednesday. The company has a market capitalization of $169.08 billion, a price-to-earnings ratio of -13.54 and a beta of 1.47. The business’s 50 day moving average price is $221.46 and its two-hundred day moving average price is $211.77. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

Boeing (NYSE:BA) last announced 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 during the quarter, compared to analyst estimates of $20.13 billion. The company’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the prior year, the company earned ($2.90) earnings per share. Sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction 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 transaction, the executive vice president 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mortimer J. Buckley purchased 2,200 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the transaction, the director owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $242.00 to $270.00 in a report on Monday, September 8th. Citigroup reiterated a “buy” rating on shares of Boeing in a report on Monday, July 28th. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Bank of America boosted their price target on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Susquehanna restated a “positive” rating and set a $270.00 price target on shares of Boeing in a report on Monday, September 15th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $242.32.

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.