1,505 Shares in The Boeing Company $BA Acquired by Emerald Advisors LLC

Key Points

• Emerald Advisors LLC acquired 1,505 shares of Boeing, worth approximately $315,000, marking a new position for the investment firm in the second quarter.
• Executives at Boeing have been active; EVP David Christopher Raymond sold 3,771 shares for over $867,000, while Director Mortimer J. Buckley bought 2,200 shares valued at nearly $497,000.
• Analyst ratings for Boeing have been largely positive, with several firms raising their target prices to a range of $250 to $270, indicating a consensus rating of "Moderate Buy" among analysts.

Emerald Advisors LLC purchased a new position in The Boeing Company (NYSE:BA - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,505 shares of the aircraft producer's stock, valued at approximately $315,000.

A number of other hedge funds also recently modified their holdings of the stock. Aspire Capital Advisors LLC raised its holdings in shares of Boeing by 0.8% in the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer's stock worth $1,245,000 after purchasing an additional 45 shares during the period. Lantz Financial LLC raised its holdings in shares of Boeing by 1.5% in the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer's stock worth $644,000 after purchasing an additional 46 shares during the period. Atlas Brown Inc. raised its holdings in shares of Boeing by 0.7% in the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer's stock worth $1,362,000 after purchasing an additional 48 shares during the period. Moody National Bank Trust Division raised its holdings in shares of Boeing by 2.7% in the 2nd quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer's stock worth $385,000 after purchasing an additional 48 shares during the period. Finally, Monetary Management Group Inc. raised its holdings 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 purchasing an additional 50 shares during the period. Institutional investors own 64.82% of the company's stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BA shares. Vertical Research raised shares of Boeing from a "hold" rating to a "buy" rating and boosted their target price for the company from $242.00 to $270.00 in a report on Monday, September 8th. Bank of America boosted their target price on shares of Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 1st. The Goldman Sachs Group set a $212.00 target price on shares of Boeing and gave the company a "buy" rating in a report on Thursday, June 12th. Jefferies Financial Group boosted their target price on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Susquehanna reissued a "positive" rating and set a $270.00 target price on shares of Boeing in a report on Monday, September 15th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $230.77.

Boeing Price Performance

BA opened at $217.23 on Tuesday. The company has a fifty day moving average price of $226.29 and a 200-day moving average price of $203.84. The firm has a market capitalization of $164.26 billion, a P/E ratio of -13.16 and a beta of 1.48. The Boeing Company has a one year low of $128.88 and a one year high of $242.69.

Boeing (NYSE:BA - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $20.13 billion. Boeing's quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the business earned ($2.90) EPS. On average, analysts expect that The Boeing Company will post -2.58 earnings per share for the current 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.

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