First Dallas Securities Inc. Boosts Stock Position in The Boeing Company $BA

First Dallas Securities Inc. lifted its position in The Boeing Company (NYSE:BA) by 77.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,747 shares of the aircraft producer’s stock after acquiring an additional 12,071 shares during the quarter. Boeing accounts for approximately 2.3% of First Dallas Securities Inc.’s investment portfolio, making the stock its 9th largest holding. First Dallas Securities Inc.’s holdings in Boeing were worth $5,814,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. purchased a new stake in shares of Boeing in the 2nd quarter worth approximately $25,000. Piscataqua Savings Bank raised its stake in Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after buying an additional 137 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in Boeing during the second quarter worth $35,000. IMG Wealth Management Inc. lifted its holdings in Boeing by 159.4% during the second 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. Finally, Legacy Investment Solutions LLC bought a new stake in Boeing during the 2nd quarter valued at $39,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Down 1.1%

BA stock opened at $194.40 on Monday. The stock has a market capitalization of $147.76 billion, a PE ratio of -14.21 and a beta of 1.44. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The firm has a 50 day moving average of $216.65 and a 200 day moving average of $214.38.

Boeing (NYSE:BA) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $21.61 billion. During the same period in the prior year, the company posted ($10.44) earnings per share. The company’s revenue was up 30.4% on a year-over-year basis. On average, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In other news, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction on Tuesday, August 19th. The stock was bought 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 in the company, valued at $497,420. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BA shares. Jefferies Financial Group set a $255.00 price target on Boeing in a research report on Tuesday, September 30th. UBS Group reiterated a “buy” rating on shares of Boeing in a research note on Thursday, October 30th. Susquehanna reissued a “positive” rating and set a $270.00 price target on shares of Boeing in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft cut shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.