1,790 Shares in The Boeing Company $BA Purchased by Accurate Wealth Management LLC

Key Points

• Accurate Wealth Management LLC has acquired 1,790 shares of The Boeing Company, valued at approximately $405,000, amid other hedge fund activity increasing their stakes in the company.
• Several analysts have upgraded Boeing's stock ratings, with Bank of America setting a new price target of $270.00, reflecting a positive outlook on Boeing's performance.
• Boeing's recent earnings report showed a revenue increase of 34.9% year-over-year, but the company reported a loss of ($1.24) EPS, missing analysts' expectations.

Accurate Wealth Management LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,790 shares of the aircraft producer's stock, valued at approximately $405,000.

A number of other hedge funds have also modified their holdings of the company. Waycross Partners LLC grew its holdings in shares of Boeing by 3.4% during the second quarter. Waycross Partners LLC now owns 187,335 shares of the aircraft producer's stock worth $39,252,000 after buying an additional 6,215 shares in the last quarter. AM Investment Strategies LLC bought a new position in Boeing in the second quarter valued at approximately $317,000. Retirement Income Solutions Inc bought a new position in Boeing in the second quarter valued at approximately $204,000. Financial Partners Group Inc bought a new position in Boeing in the second quarter valued at approximately $252,000. Finally, Kwmg LLC grew its stake in Boeing by 1.8% in the second quarter. Kwmg LLC now owns 32,108 shares of the aircraft producer's stock valued at $6,728,000 after purchasing an additional 564 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Bank of America raised their price target on Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Rothschild & Co Redburn upgraded 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. Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and raised their price target 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 research note on Monday, July 28th. Finally, Barclays raised their price target on Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and a consensus target price of $230.77.

Boeing Stock Down 0.7%

BA opened at $213.60 on Friday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The stock has a market cap of $161.52 billion, a price-to-earnings ratio of -12.94 and a beta of 1.48. The business has a 50 day moving average of $226.69 and a 200-day moving average of $202.38.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (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. The firm's revenue was up 34.9% on a year-over-year basis. During the same period last year, the firm posted ($2.90) earnings per share. As a group, analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In other news, Director Mortimer J. Buckley purchased 2,200 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company's stock.

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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.