Wealthspire Advisors LLC Has $3.16 Million Stock Position in The Boeing Company $BA

Wealthspire Advisors LLC lifted its holdings in shares of The Boeing Company (NYSE:BA) by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,085 shares of the aircraft producer’s stock after acquiring an additional 496 shares during the period. Wealthspire Advisors LLC’s holdings in Boeing were worth $3,161,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Senvest Management LLC bought a new stake in Boeing during the 2nd quarter worth approximately $32,215,000. Purus Wealth Management LLC purchased a new position in shares of Boeing during the second quarter valued at approximately $238,000. Shoker Investment Counsel Inc. grew its holdings in Boeing by 1.8% during the second quarter. Shoker Investment Counsel Inc. now owns 2,887 shares of the aircraft producer’s stock worth $605,000 after buying an additional 52 shares in the last quarter. United Advisor Group LLC purchased a new stake in Boeing in the 2nd quarter valued at $296,000. Finally, Empowered Funds LLC lifted its stake in Boeing by 123.0% during the 2nd quarter. Empowered Funds LLC now owns 47,923 shares of the aircraft producer’s stock valued at $10,041,000 after acquiring an additional 26,434 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction 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 completion of the transaction, the executive vice president directly owned 14,656 shares in the company, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 target price on shares of Boeing in a research note on Monday, September 29th. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft downgraded Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research note on Thursday, October 30th. Barclays upped their target price on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Susquehanna dropped their price target on Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $232.09.

Boeing Price Performance

NYSE:BA opened at $185.69 on Thursday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The business has a fifty day simple moving average of $210.44 and a two-hundred day simple moving average of $214.79. The company has a market capitalization of $141.15 billion, a P/E ratio of -13.57 and a beta of 1.44.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share 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 analysts’ expectations of $21.61 billion. During the same period in the previous year, the company earned ($10.44) EPS. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. As a group, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

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.