Thompson Davis & CO. Inc. Makes New Investment in The Boeing Company $BA

Thompson Davis & CO. Inc. bought a new stake in The Boeing Company (NYSE:BA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,210 shares of the aircraft producer’s stock, valued at approximately $254,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Investment Counsel Inc increased its holdings in Boeing by 3.1% in the 2nd quarter. Capital Investment Counsel Inc now owns 2,301 shares of the aircraft producer’s stock valued at $482,000 after purchasing an additional 70 shares in the last quarter. MV Capital Management Inc. grew its stake in shares of Boeing by 8.2% in the second quarter. MV Capital Management Inc. now owns 806 shares of the aircraft producer’s stock valued at $169,000 after buying an additional 61 shares in the last quarter. Cherokee Insurance Co acquired a new stake in shares of Boeing in the second quarter valued at about $1,163,000. Police & Firemen s Retirement System of New Jersey lifted its position in Boeing by 1.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 110,044 shares of the aircraft producer’s stock worth $23,058,000 after acquiring an additional 1,272 shares in the last quarter. Finally, Bailard Inc. lifted its position in Boeing by 54.9% during the 2nd quarter. Bailard Inc. now owns 2,119 shares of the aircraft producer’s stock worth $444,000 after acquiring an additional 751 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $194.67 on Friday. The company has a market capitalization of $147.96 billion, a price-to-earnings ratio of -14.23 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 stock has a 50-day simple moving average of $213.55 and a 200 day simple moving average of $214.37.

Boeing (NYSE:BA) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $21.61 billion. During the same period last year, the firm posted ($10.44) EPS. The company’s quarterly revenue was up 30.4% on a year-over-year basis. On average, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BA shares. Loop Capital set a $223.00 price objective on shares of Boeing in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. UBS Group reiterated a “buy” rating on shares of Boeing in a research note on Thursday, October 30th. Finally, KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $241.05.

Insider Transactions at Boeing

In related news, Director Mortimer J. Buckley bought 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares of the company’s stock, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the sale, the executive vice president owned 14,656 shares in the company, valued at $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.09% of the company’s stock.

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.