Nisa Investment Advisors LLC Has $38.90 Million Position in The Boeing Company $BA

Nisa Investment Advisors LLC grew its holdings in The Boeing Company (NYSE:BA) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 185,662 shares of the aircraft producer’s stock after buying an additional 11,422 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Boeing were worth $38,902,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Harbor Asset Planning Inc. bought a new position in shares of Boeing during the 2nd quarter worth approximately $25,000. Piscataqua Savings Bank lifted its holdings in shares of Boeing by 1,712.5% during the second 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 period. Monetary Management Group Inc. increased its position in shares of Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after purchasing an additional 50 shares in the last quarter. IMG Wealth Management Inc. raised its holdings in shares of Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after buying an additional 110 shares during the last quarter. Finally, Keener Financial Planning LLC bought a new position in shares of Boeing during the 2nd quarter valued at about $41,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Boeing

In other news, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The shares were bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction 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 completion of the sale, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $221.13 on Friday. The stock has a 50 day simple moving average of $221.68 and a 200-day simple moving average of $210.51. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company has a market cap of $167.21 billion, a price-to-earnings ratio of -13.39 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) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same period in the previous year, the business earned ($2.90) EPS. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. Analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Susquehanna reaffirmed a “positive” rating and issued a $270.00 price objective on shares of Boeing in a report on Monday, September 15th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $242.00 to $270.00 in a report on Monday, September 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research report on Friday. Bank of America lifted their target price on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. lifted their price target on Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued 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 target price of $242.32.

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.