FLC Capital Advisors Makes New $224,000 Investment in The Boeing Company $BA

FLC Capital Advisors purchased a new stake in The Boeing Company (NYSE:BA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,069 shares of the aircraft producer’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BA. Harbor Asset Planning Inc. bought a new stake in shares of Boeing in the 2nd quarter valued at about $25,000. Piscataqua Savings Bank increased 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 valued at $30,000 after acquiring an additional 137 shares during the last quarter. Monetary Management Group Inc. grew its position 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 valued at $34,000 after purchasing an additional 50 shares during the period. Keener Financial Planning LLC acquired a new position in shares of Boeing in the 2nd quarter valued at approximately $41,000. Finally, Columbia River Financial Group LLC acquired a new position in shares of Boeing in the 1st quarter valued at approximately $50,000. 64.82% of the stock is owned by institutional investors.

Boeing Trading Up 1.8%

BA opened at $216.78 on Tuesday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The stock’s fifty day simple moving average is $222.92 and its 200 day simple moving average is $208.79. The stock has a market cap of $163.92 billion, a PE ratio of -13.13 and a beta of 1.47.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share 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 analyst estimates of $20.13 billion. During the same quarter in the previous year, the business posted ($2.90) EPS. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. Equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BA. Susquehanna reiterated a “positive” rating and issued a $270.00 price objective on shares of Boeing in a research report on Monday, September 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of Boeing in a research report on Monday, September 29th. Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target for the company in a research report on Friday, June 27th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Finally, Barclays upped their price target on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $240.20.

Insider Buying and Selling at Boeing

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

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.