1,282 Shares in The Boeing Company $BA Acquired by Aprio Wealth Management LLC

Key Points

• Aprio Wealth Management LLC has made a new investment in The Boeing Company, purchasing 1,282 shares valued at approximately $219,000.
• Boeing reported a loss of $1.24 earnings per share for the last quarter, which was below analyst expectations, despite revenues increasing by 34.9% year-over-year.
• Wall Street analysts have mixed ratings on Boeing, with target prices varying from $230.00 to $275.00, indicating potential growth in the stock's value.

Aprio Wealth Management LLC acquired a new position in The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,282 shares of the aircraft producer's stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American National Bank & Trust increased its position in shares of Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after acquiring an additional 128 shares during the last quarter. REAP Financial Group LLC increased its position in shares of Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Dogwood Wealth Management LLC increased its position in shares of Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 112 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $33,000. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of Boeing during the first quarter valued at approximately $34,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Boeing

In other news, Director Mortimer J. Buckley bought 2,200 shares of Boeing stock in a transaction 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 acquisition, the director owned 2,200 shares of the company's stock, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the company's 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 $8,248,637.62. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Boeing Price Performance

BA stock traded up $1.28 during mid-day trading on Monday, hitting $230.89. 5,950,176 shares of the stock were exchanged, compared to its average volume of 8,237,823. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The business has a fifty day moving average price of $227.54 and a 200 day moving average price of $197.88. The stock has a market capitalization of $174.59 billion, a price-to-earnings ratio of -13.99 and a beta of 1.48.

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 firm had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. During the same period in the previous year, the business posted ($2.90) earnings per share. The company's revenue was up 34.9% compared to the same quarter last year. As a group, equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays increased their price target on Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Jefferies Financial Group lifted their price objective on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Boeing in a report on Monday, July 14th. Susquehanna increased their target price on shares of Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a research report on Wednesday, July 30th. Finally, Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and a consensus target price of $230.77.

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.