Global Wealth Management Investment Advisory Inc. Buys Shares of 1,682 The Boeing Company $BA

Global Wealth Management Investment Advisory Inc. acquired a new stake in The Boeing Company (NYSE:BA) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 1,682 shares of the aircraft producer’s stock, valued at approximately $352,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new position in Boeing in the 2nd quarter worth about $378,459,000. Vanguard Group Inc. boosted its position in Boeing by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after buying an additional 1,212,327 shares during the period. Bessemer Group Inc. grew its stake in Boeing by 3,581.5% in the 2nd quarter. Bessemer Group Inc. now owns 711,824 shares of the aircraft producer’s stock worth $149,149,000 after acquiring an additional 692,489 shares in the last quarter. Strs Ohio purchased a new position in shares of Boeing during the first quarter worth approximately $98,984,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of Boeing by 243.8% during the first quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock valued at $128,689,000 after acquiring an additional 535,060 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insiders Place Their Bets

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director directly owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group restated a “buy” rating on shares of Boeing in a report on Thursday, October 30th. Barclays increased their price objective on shares of Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Sanford C. Bernstein increased their target price on Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Susquehanna reiterated a “positive” rating and issued a $270.00 price target on shares of Boeing in a report on Monday, September 15th. Finally, Citigroup reissued a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $241.80.

Boeing Stock Performance

Shares of BA opened at $194.40 on Monday. The stock has a 50-day moving average of $216.65 and a two-hundred day moving average of $214.38. The stock has a market cap 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.

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

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.