1,200 Shares in The Boeing Company $BA Acquired by WJ Wealth Management LLC

Key Points

• WJ Wealth Management LLC acquired 1,200 shares of The Boeing Company, valued at approximately $251,000, during the 2nd quarter.
• Several hedge funds, including WealthPlan Investment Management LLC and Patten & Patten Inc. TN, increased their holdings in Boeing, indicating a positive sentiment among institutional investors.
• Boeing stock has an average price target of $240.20 and is rated as a "Moderate Buy" by analysts, with notable upgrades in ratings from firms such as Redburn Atlantic and Rothschild & Co. Redburn.

WJ Wealth Management LLC purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,200 shares of the aircraft producer's stock, valued at approximately $251,000.

Several other hedge funds have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC lifted its holdings in Boeing by 21.9% during the 2nd quarter. WealthPlan Investment Management LLC now owns 3,407 shares of the aircraft producer's stock worth $714,000 after purchasing an additional 613 shares during the last quarter. Alta Capital Management LLC lifted its holdings in Boeing by 14.5% during the 2nd quarter. Alta Capital Management LLC now owns 3,940 shares of the aircraft producer's stock worth $826,000 after purchasing an additional 500 shares during the last quarter. Patten & Patten Inc. TN raised its holdings in Boeing by 22.9% in the 2nd quarter. Patten & Patten Inc. TN now owns 30,778 shares of the aircraft producer's stock valued at $6,449,000 after acquiring an additional 5,730 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Boeing by 0.9% during the 2nd quarter. New York State Teachers Retirement System now owns 561,566 shares of the aircraft producer's stock valued at $117,665,000 after acquiring an additional 5,153 shares during the period. Finally, Davidson Investment Advisors grew its holdings in shares of Boeing by 1.1% during the 2nd quarter. Davidson Investment Advisors now owns 88,478 shares of the aircraft producer's stock worth $18,539,000 after purchasing an additional 991 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BA shares. Weiss Ratings restated a "sell (d-)" rating on shares of Boeing in a research report on Wednesday, October 8th. Redburn Atlantic raised Boeing from a "hold" rating to a "strong-buy" rating and boosted their price target for the company from $180.00 to $275.00 in a research note on Friday, June 27th. 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 note on Friday, June 27th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a research note on Monday, July 28th. Finally, Jefferies Financial Group set a $255.00 price target on Boeing in a research note on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $240.20.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,771 shares of the business's stock in a transaction 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction that occurred 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 in the company, valued at $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 currently owned by insiders.

Boeing Stock Performance

Boeing stock opened at $214.08 on Thursday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The stock has a market capitalization of $161.88 billion, a P/E ratio of -12.97 and a beta of 1.47. The stock has a fifty day moving average of $223.73 and a 200-day moving average of $206.97.

Boeing (NYSE:BA - Get Free Report) last posted 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 firm had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. During the same period in the prior year, the business earned ($2.90) earnings per share. The business's quarterly revenue was up 34.9% compared to the same quarter last year. On average, research 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.

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