North Star Asset Management Inc. Sells 321 Shares of The Boeing Company $BA

North Star Asset Management Inc. trimmed its stake in shares of The Boeing Company (NYSE:BA) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,941 shares of the aircraft producer’s stock after selling 321 shares during the quarter. North Star Asset Management Inc.’s holdings in Boeing were worth $3,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Wallace Advisory Group LLC raised its holdings in Boeing by 1.2% during the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after purchasing an additional 44 shares during the last quarter. Aspire Capital Advisors LLC boosted its stake in shares of Boeing by 0.8% in the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after purchasing an additional 45 shares during the last quarter. Lantz Financial LLC increased its position in shares of Boeing by 1.5% during the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after buying an additional 46 shares during the period. Blue Barn Wealth LLC raised its stake in Boeing by 1.8% during the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock worth $544,000 after buying an additional 46 shares during the last quarter. Finally, Atlas Brown Inc. raised its stake in Boeing by 0.7% during the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock worth $1,362,000 after buying an additional 48 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction on 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 of the company’s stock, valued at $2,896,904.96. The trade was a 8.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. BNP Paribas Exane assumed coverage on Boeing in a research report on Tuesday, November 18th. They set an “underperform” rating and a $150.00 target price on the stock. Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Bank of America boosted their price target on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Susquehanna reduced their price objective on shares of Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a research report on Wednesday, November 12th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $232.09.

Boeing Stock Performance

Shares of BA opened at $179.07 on Tuesday. The firm has a market capitalization of $136.11 billion, a P/E ratio of -13.09 and a beta of 1.44. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The stock has a 50 day moving average price of $208.16 and a two-hundred day moving average price of $214.81.

Boeing (NYSE:BA) last posted 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 firm had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($10.44) EPS. On average, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current 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.