1,711 Shares in The Boeing Company $BA Acquired by Udine Wealth Management Inc.

Key Points

• Udine Wealth Management Inc. acquired 1,711 shares of The Boeing Company, valued at approximately $359,000, marking a new investment in the aircraft manufacturer.
• Analysts have set new price targets for Boeing, with Redburn Atlantic increasing its target from $180 to $275, and Jefferies Financial Group setting a price objective of $255.
• Despite a recent quarterly earnings miss, Boeing reported a revenue increase of 34.9% year-over-year, with a quarterly revenue of $22.75 billion.

Udine Wealth Management Inc. bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,711 shares of the aircraft producer's stock, valued at approximately $359,000.

Other institutional investors have also recently bought and sold shares of the company. Piscataqua Savings Bank raised its position in 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 purchasing an additional 137 shares during the last quarter. Proathlete Wealth Management LLC acquired a new stake in shares of Boeing in the 1st quarter valued at $34,000. Monetary Management Group Inc. increased its holdings in Boeing by 33.3% in the first 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 last quarter. Keener Financial Planning LLC bought a new stake in Boeing in the second quarter valued at about $41,000. Finally, Columbia River Financial Group LLC bought a new stake in Boeing in the first quarter valued at about $50,000. Institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on BA shares. Redburn Atlantic raised Boeing from a "hold" rating to a "strong-buy" rating and boosted their target price for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Citigroup restated a "buy" rating on shares of Boeing in a report on Monday, July 28th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Boeing in a research report on Wednesday. Jefferies Financial Group set a $255.00 price objective on Boeing in a research note on Tuesday, September 30th. Finally, Vertical Research upgraded Boeing from a "hold" rating to a "buy" rating and upped their price objective for the company from $242.00 to $270.00 in a research note on Monday, September 8th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average target price of $233.91.

Insider Buying and Selling at Boeing

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, 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 value of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares of the company's stock, valued at $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Boeing Price Performance

Shares of NYSE BA opened at $211.04 on Friday. The stock has a market capitalization of $159.58 billion, a PE ratio of -12.78 and a beta of 1.47. The business has a fifty day moving average price of $224.29 and a two-hundred day moving average price of $206.38. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $22.75 billion during 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 previous year, the company earned ($2.90) earnings per share. On average, equities analysts expect that The Boeing Company will post -2.58 EPS 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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