Parkside Financial Bank & Trust Has $917,000 Stock Position in The Boeing Company $BA

Parkside Financial Bank & Trust increased its stake in shares of The Boeing Company (NYSE:BA) by 47.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,375 shares of the aircraft producer’s stock after acquiring an additional 1,409 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Boeing were worth $917,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BA. Harbor Asset Planning Inc. bought a new position in shares of Boeing during the 2nd quarter worth about $25,000. Piscataqua Savings Bank lifted its stake in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 137 shares during the period. Decker Retirement Planning Inc. acquired a new stake in Boeing during the second quarter worth about $35,000. IMG Wealth Management Inc. increased its stake in Boeing by 159.4% during the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after acquiring an additional 110 shares during the period. Finally, Legacy Investment Solutions LLC bought a new position in Boeing during the second quarter valued at about $39,000. 64.82% of the stock is owned by institutional investors.

Insider Transactions at Boeing

In other news, Director Mortimer J. Buckley purchased 2,200 shares of Boeing stock in a transaction on Tuesday, August 19th. The shares were purchased 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 directly owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

Boeing Price Performance

Shares of NYSE:BA opened at $194.40 on Friday. The business’s fifty day moving average price is $216.65 and its two-hundred day moving average price is $214.09. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The stock has a market capitalization of $147.76 billion, a price-to-earnings ratio of -14.21 and a beta of 1.44.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on BA shares. Citigroup reiterated a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft lowered Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price for the company. in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and boosted their price target for the company from $242.00 to $270.00 in a report on Monday, September 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a research note on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $241.80.

Boeing Company 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.