Ameriflex Group Inc. Purchases 1,406 Shares of The Boeing Company $BA

Key Points

• Ameriflex Group Inc. has increased its holdings in The Boeing Company by 81.1%, acquiring an additional 1,406 shares during the 2nd quarter, bringing its total ownership to 3,139 shares worth approximately $636,000.
• Boeing's recent earnings report revealed a loss of ($1.24) earnings per share, which missed analysts' expectations, despite achieving a 34.9% increase in revenue compared to the previous year.
• The company's current market cap stands at $163.57 billion, with shares trading at $216.32, and a diverse rating from analysts includes three "Strong Buy" ratings and three "Sell" ratings.

Ameriflex Group Inc. lifted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 81.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,139 shares of the aircraft producer's stock after acquiring an additional 1,406 shares during the period. Ameriflex Group Inc.'s holdings in Boeing were worth $636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Aspire Capital Advisors LLC grew its position in Boeing by 0.8% in the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer's stock worth $1,245,000 after purchasing an additional 45 shares during the period. Lantz Financial LLC grew its position in Boeing by 1.5% in the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer's stock worth $644,000 after purchasing an additional 46 shares during the period. Atlas Brown Inc. grew its position in Boeing by 0.7% in the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer's stock worth $1,362,000 after purchasing an additional 48 shares during the period. Moody National Bank Trust Division grew its position in Boeing by 2.7% in the 2nd quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer's stock worth $385,000 after purchasing an additional 48 shares during the period. Finally, Monetary Management Group Inc. grew its position in Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock worth $34,000 after purchasing an additional 50 shares during the period. Institutional investors own 64.82% of the company's stock.

Boeing Price Performance

Shares of BA stock opened at $216.32 on Friday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The firm has a fifty day moving average price of $225.06 and a 200-day moving average price of $204.76. The company has a market cap of $163.57 billion, a price-to-earnings ratio of -13.10 and a beta of 1.47.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same quarter last year, the business posted ($2.90) EPS. The business's quarterly revenue was up 34.9% compared to the same quarter last year. Equities research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In related news, 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 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. The trade was a 9.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mortimer J. Buckley bought 2,200 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research analyst reports. UBS Group set a $280.00 target price on shares of Boeing and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. Barclays boosted their price objective on shares of Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Vertical Research raised shares of Boeing from a "hold" rating to a "buy" rating and boosted their price objective for the company from $242.00 to $270.00 in a research report on Monday, September 8th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Boeing in a research report on Saturday, September 27th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $233.91.

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.

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