4,427 Shares in The Boeing Company $BA Acquired by Stableford Capital II LLC

Key Points

• Stableford Capital II LLC has acquired 4,427 shares of Boeing, valued at approximately $928,000, indicating increased institutional interest in the company during the 2nd quarter.
• Boeing reported a quarterly loss of ($1.24) EPS, missing the estimate by ($0.32), but had a revenue of $22.75 billion, surpassing analyst expectations, showcasing a 34.9% year-over-year growth.
• Research analysts have upgraded Boeing's rating, with several firms setting price targets between $250.00 and $275.00, reflecting optimistic sentiment about the company's future performance.

Stableford Capital II LLC bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,427 shares of the aircraft producer's stock, valued at approximately $928,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Piscataqua Savings Bank raised its holdings in Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock worth $30,000 after purchasing an additional 137 shares in the last quarter. Proathlete Wealth Management LLC bought a new stake in Boeing during the first quarter worth approximately $34,000. Monetary Management Group Inc. raised its holdings in Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock worth $34,000 after purchasing an additional 50 shares in the last quarter. Keener Financial Planning LLC bought a new position in shares of Boeing in the second quarter valued at $41,000. Finally, Columbia River Financial Group LLC bought a new position in shares of Boeing in the first quarter valued at $50,000. Institutional investors own 64.82% of the company's stock.

Boeing Stock Down 0.1%

Boeing stock opened at $214.08 on Thursday. The company's fifty day simple moving average is $223.73 and its 200-day simple moving average is $206.97. 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 $161.88 billion, a P/E ratio of -12.97 and a beta of 1.47.

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 the consensus estimate of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same quarter in the prior year, the company posted ($2.90) EPS. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. On average, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Rothschild & Co Redburn raised Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target on the stock in a report on Friday, June 27th. Vertical Research raised Boeing from a "hold" rating to a "buy" rating and upped their price target for the company from $242.00 to $270.00 in a report on Monday, September 8th. Redburn Atlantic raised Boeing from a "hold" rating to a "strong-buy" rating and upped their price target for the company from $180.00 to $275.00 in a report on Friday, June 27th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a report on Monday, July 28th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $250.00 price target on shares of Boeing in a report on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and an average target price of $240.20.

Insider Buying and Selling at Boeing

In related news, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, the director directly owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares in the company, valued at approximately $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. Insiders own 0.09% of the company's stock.

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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