TRUE Private Wealth Advisors Boosts Stock Holdings in The Boeing Company $BA

TRUE Private Wealth Advisors raised its stake in The Boeing Company (NYSE:BA) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,598 shares of the aircraft producer’s stock after acquiring an additional 605 shares during the period. TRUE Private Wealth Advisors’ holdings in Boeing were worth $1,382,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Asset Planning Inc. bought a new stake in Boeing in the 2nd quarter worth approximately $25,000. Piscataqua Savings Bank grew its holdings 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 purchasing an additional 137 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Boeing in the second quarter worth $35,000. IMG Wealth Management Inc. raised 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 purchasing an additional 110 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in Boeing during the second quarter valued at $39,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE:BA opened at $186.97 on Wednesday. The firm’s 50 day simple moving average is $211.28 and its 200-day simple moving average is $214.99. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The firm has a market cap of $142.12 billion, a PE ratio of -13.69 and a beta of 1.44.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BNP Paribas Exane initiated coverage on shares of Boeing in a report on Tuesday. They issued an “underperform” rating and a $150.00 target price on the stock. Zacks Research lowered Boeing from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Susquehanna dropped their target price on Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a report on Wednesday, November 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Finally, BNP Paribas set a $150.00 price objective on shares of Boeing in a research note on Tuesday. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.09.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president directly owned 14,656 shares in the company, valued at $2,896,904.96. This represents a 8.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by company 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.