Bryn Mawr Trust Advisors LLC Boosts Position in The Boeing Company $BA

Bryn Mawr Trust Advisors LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 115.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,348 shares of the aircraft producer’s stock after buying an additional 2,868 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Boeing were worth $1,121,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of 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 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 purchasing 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 purchasing an additional 46 shares during the period. Blue Barn Wealth LLC grew its position in Boeing by 1.8% during the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock worth $544,000 after buying an additional 46 shares in the last quarter. Finally, Atlas Brown Inc. increased 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 acquiring an additional 48 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on BA shares. Zacks Research downgraded Boeing from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. lowered their target price on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Loop Capital set a $223.00 target price on shares of Boeing in a research report on Monday. Susquehanna reissued a “positive” rating and issued a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. Finally, Vertical Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and raised their price objective for the company from $242.00 to $270.00 in a research report on Monday, September 8th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $241.80.

Boeing Price Performance

Shares of NYSE BA opened at $194.40 on Friday. The stock has a market capitalization of $147.76 billion, a P/E ratio of -14.21 and a beta of 1.44. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The firm’s 50 day simple moving average is $216.65 and its two-hundred day simple moving average is $213.74.

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

Insiders Place Their Bets

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the 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 purchase, the director directly owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by corporate insiders.

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.