US Financial Advisors LLC Acquires New Shares in The Boeing Company (NYSE:BA)

Key Points

• US Financial Advisors LLC acquired 2,047 shares of The Boeing Company (NYSE:BA), valued at approximately $349,000, during the first quarter.
• Institutional investors currently hold 64.82% of Boeing's stock, with various hedge funds modifying their positions in the company recently.
• Boeing reported a $1.24 loss per share for the latest quarter, missing Wall Street expectations, but its revenue increased 34.9% year-over-year to $22.75 billion.

US Financial Advisors LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,047 shares of the aircraft producer's stock, valued at approximately $349,000.

Several other large investors also recently modified their holdings of BA. American National Bank & Trust boosted its holdings in Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after acquiring an additional 128 shares during the last quarter. REAP Financial Group LLC boosted its holdings in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Dogwood Wealth Management LLC boosted its holdings in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 112 shares during the last quarter. Solstein Capital LLC purchased a new position in Boeing during the 4th quarter worth $33,000. Finally, Heck Capital Advisors LLC purchased a new position in Boeing during the 4th quarter worth $33,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Activity at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the transaction, the executive vice president owned 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the stock a "buy" rating in a report on Thursday, June 12th. Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. Susquehanna boosted their price objective on Boeing from $265.00 to $270.00 and gave the company a "positive" rating in a research note on Wednesday. UBS Group set a $280.00 price objective on Boeing and gave the company a "buy" rating in a research note on Wednesday. Finally, Citigroup restated a "buy" rating on shares of Boeing in a research note on Monday. Three analysts have rated the stock with a sell rating, three have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $229.18.

Boeing Trading Up 0.0%

Shares of NYSE BA traded up $0.10 during midday trading on Friday, hitting $221.94. 8,556,620 shares of the company's stock were exchanged, compared to its average volume of 7,665,790. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The company has a market cap of $167.82 billion, a price-to-earnings ratio of -13.44 and a beta of 1.48. The business's fifty day moving average price is $214.84 and its two-hundred day moving average price is $188.30.

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. During the same period in the prior year, the firm earned ($2.90) EPS. The business's revenue was up 34.9% on a year-over-year basis. Equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.