Client 1ST Advisory Group LLC Makes New $244,000 Investment in The Boeing Company $BA

Client 1ST Advisory Group LLC acquired a new position in The Boeing Company (NYSE:BA) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 1,165 shares of the aircraft producer’s stock, valued at approximately $244,000.

Several other large investors also recently modified their holdings of the company. Trilogy Capital Inc. bought a new stake in shares of Boeing in the second quarter worth $354,000. Marino Stram & Associates LLC bought a new stake in Boeing during the second quarter valued at about $252,000. Impact Capital Partners LLC grew its holdings in Boeing by 9.1% during the second quarter. Impact Capital Partners LLC now owns 1,360 shares of the aircraft producer’s stock valued at $285,000 after purchasing an additional 113 shares during the period. Childress Capital Advisors LLC grew its holdings in Boeing by 20.2% during the second quarter. Childress Capital Advisors LLC now owns 1,988 shares of the aircraft producer’s stock valued at $417,000 after purchasing an additional 334 shares during the period. Finally, Midwest Financial Group LLC grew its holdings in Boeing by 2.0% during the second quarter. Midwest Financial Group LLC now owns 8,800 shares of the aircraft producer’s stock valued at $1,844,000 after purchasing an additional 175 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BA. Citigroup reissued a “buy” rating on shares of Boeing in a report on Monday, July 28th. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the company a “buy” rating in a report on Thursday, June 12th. Susquehanna reaffirmed a “positive” rating and issued a $270.00 price objective on shares of Boeing in a research note on Monday, September 15th. Finally, UBS Group set a $280.00 target price on Boeing and gave the company a “buy” rating in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $231.00.

Insider Buying and Selling

In related news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the transaction, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by corporate insiders.

Boeing Trading Down 0.6%

Shares of Boeing stock opened at $215.88 on Wednesday. The stock has a 50 day moving average of $226.04 and a 200 day moving average of $203.92. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The firm has a market cap of $163.24 billion, a PE ratio of -13.08 and a beta of 1.48.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. During the same period in the previous year, the firm posted ($2.90) earnings per share. The company’s revenue was up 34.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing Company 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.