Alliance Wealth Advisors LLC UT Has $1.07 Million Stock Holdings in The Boeing Company $BA

Key Points

• Alliance Wealth Advisors LLC UT increased its holdings in Boeing by 37.2% during the first quarter, bringing its total ownership to $1.07 million worth of shares.
• Boeing's quarterly revenue rose 34.9% to $22.75 billion, but the company reported a loss of ($1.24) EPS, missing the consensus estimate of (0.92).
• Recent analyst ratings show a mix of opinions on Boeing stock, with three sell ratings, three hold ratings, and seventeen buy ratings, indicating a general sentiment of "Moderate Buy."

Alliance Wealth Advisors LLC UT lifted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 37.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,255 shares of the aircraft producer's stock after buying an additional 1,695 shares during the quarter. Alliance Wealth Advisors LLC UT's holdings in Boeing were worth $1,067,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BA. Revolve Wealth Partners LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $201,000. Bank Pictet & Cie Europe AG purchased a new stake in Boeing during the fourth quarter worth approximately $7,837,000. Guggenheim Capital LLC grew its stake in Boeing by 34.5% during the fourth quarter. Guggenheim Capital LLC now owns 22,477 shares of the aircraft producer's stock worth $3,978,000 after buying an additional 5,760 shares during the period. Evergreen Capital Management LLC grew its stake in Boeing by 10.2% during the fourth quarter. Evergreen Capital Management LLC now owns 6,657 shares of the aircraft producer's stock worth $1,178,000 after buying an additional 615 shares during the period. Finally, NewEdge Advisors LLC grew its stake in Boeing by 15.3% during the fourth quarter. NewEdge Advisors LLC now owns 64,519 shares of the aircraft producer's stock worth $11,420,000 after buying an additional 8,542 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP David Christopher Raymond sold 3,771 shares of the 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company's stock.

Boeing Trading Down 3.0%

BA stock traded down $7.01 during mid-day trading on Tuesday, reaching $225.40. 8,583,163 shares of the stock traded hands, compared to its average volume of 8,422,052. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The company has a market cap of $170.44 billion, a P/E ratio of -13.65 and a beta of 1.48. The stock's fifty day moving average is $219.75 and its 200-day moving average is $193.10.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $20.13 billion. Boeing's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the business earned ($2.90) earnings per share. Equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Susquehanna boosted their price objective on shares of Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a research note on Wednesday, July 30th. Barclays boosted their price objective on shares of Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. KGI Securities upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 24th. Cowen reissued a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Finally, Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $228.90.

About Boeing

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.