Cohen Investment Advisors LLC Acquires 643 Shares of The Boeing Company $BA

Cohen Investment Advisors LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 5.2% in the second quarter, HoldingsChannel.com reports. The firm owned 13,090 shares of the aircraft producer’s stock after buying an additional 643 shares during the period. Cohen Investment Advisors LLC’s holdings in Boeing were worth $2,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Piscataqua Savings Bank grew its stake 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 in the last quarter. Proathlete Wealth Management LLC bought a new stake in shares of Boeing in the 1st quarter worth $34,000. Monetary Management Group Inc. grew its stake in shares of Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after acquiring an additional 50 shares in the last quarter. Columbia River Financial Group LLC bought a new stake in shares of Boeing in the 1st quarter worth $50,000. Finally, Iron Horse Wealth Management LLC grew its stake in shares of Boeing by 33.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer’s stock worth $51,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

BA has been the subject of several recent analyst reports. Barclays upped their target price on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Citigroup reiterated a “buy” rating on shares of Boeing in a research note on Monday, July 28th. UBS Group set a $280.00 price target on shares of Boeing and gave the stock a “buy” rating in a report on Wednesday, July 30th. The Goldman Sachs Group set a $212.00 price target on shares of Boeing and gave the stock a “buy” rating in a report on Thursday, June 12th. Finally, Redburn Atlantic raised shares of Boeing from a “hold” rating to a “strong-buy” rating and boosted their price target for the stock from $180.00 to $275.00 in a report on Friday, June 27th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $233.91.

Boeing Stock Up 1.6%

Shares of BA opened at $225.26 on Thursday. The business’s 50-day moving average price is $224.61 and its 200-day moving average price is $205.75. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The stock has a market cap of $170.33 billion, a PE ratio of -13.64 and a beta of 1.47.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($2.90) EPS. Analysts expect 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.