Horizon Wealth Management LLC Sells 2,065 Shares of The Boeing Company $BA

Horizon Wealth Management LLC lessened its position in The Boeing Company (NYSE:BA) by 38.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,332 shares of the aircraft producer’s stock after selling 2,065 shares during the quarter. Horizon Wealth Management LLC’s holdings in Boeing were worth $698,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Harbor Asset Planning Inc. bought a new stake in shares of Boeing in the 2nd quarter worth about $25,000. Piscataqua Savings Bank increased its stake 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 buying an additional 137 shares during the period. IMG Wealth Management Inc. increased its stake in Boeing by 159.4% in the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after buying an additional 110 shares during the period. Monetary Management Group Inc. increased its stake 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 buying an additional 50 shares during the period. Finally, Keener Financial Planning LLC purchased a new position in Boeing in the 2nd quarter worth about $41,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA opened at $213.77 on Thursday. The company has a market capitalization of $161.64 billion, a price-to-earnings ratio of -12.95 and a beta of 1.47. The company’s 50-day simple moving average is $221.23 and its two-hundred day simple moving average is $212.16. The Boeing Company has a one year low of $128.88 and a one year high of $242.69.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter last year, the business earned ($10.44) earnings per share. Equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the transaction, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’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 $8,248,637.62. This trade represents a 9.51% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on BA shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Boeing in a research note on Monday, September 29th. Jefferies Financial Group set a $255.00 price target on shares of Boeing in a research note on Tuesday, September 30th. Sanford C. Bernstein raised their price target on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Finally, Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and raised their price target for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.32.

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.