The Boeing Company $BA Shares Purchased by Weaver Consulting Group

Weaver Consulting Group raised its holdings in The Boeing Company (NYSE:BA) by 37.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,025 shares of the aircraft producer’s stock after acquiring an additional 4,955 shares during the quarter. Boeing accounts for about 1.0% of Weaver Consulting Group’s holdings, making the stock its 26th biggest position. Weaver Consulting Group’s holdings in Boeing were worth $3,777,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new position in Boeing during the second quarter worth about $25,000. Piscataqua Savings Bank grew its holdings in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 137 shares during the period. Monetary Management Group Inc. increased its stake in Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in Boeing during the second quarter worth $35,000. Finally, IMG Wealth Management Inc. grew its holdings in Boeing by 159.4% in 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 during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 target price on shares of Boeing in a research report on Monday, September 29th. Susquehanna cut their target price on shares of Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a research note on Wednesday, November 12th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Monday, July 28th. UBS Group reissued a “buy” rating on shares of Boeing in a research note on Thursday, October 30th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $267.00 target price on shares of Boeing in a research note on Friday, November 14th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.09.

Insider Activity

In other news, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is owned by insiders.

Boeing Stock Up 0.5%

BA stock opened at $186.60 on Thursday. The company has a market cap of $141.83 billion, a price-to-earnings ratio of -13.67 and a beta of 1.44. The business has a fifty day simple moving average of $210.44 and a 200-day simple moving average of $214.79. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69.

Boeing (NYSE:BA) last announced its quarterly 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 business had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. Boeing’s revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($10.44) EPS. As a group, analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing 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.