Autumn Glory Partners LLC Buys New Position in The Boeing Company $BA

Key Points

• Autumn Glory Partners LLC acquired a new stake in The Boeing Company, purchasing 1,470 shares valued at approximately $308,000 during the second quarter.
• Major investment firms have significantly increased their positions in Boeing, with Piscataqua Savings Bank boosting its stake by 1,712.5% during the same quarter.
• Boeing's quarterly earnings report indicated a loss of $1.24 per share, missing estimates, despite a revenue increase of 34.9% year-over-year.

Autumn Glory Partners LLC bought a new stake in The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,470 shares of the aircraft producer's stock, valued at approximately $308,000.

A number of other large investors have also recently made changes to their positions in BA. Piscataqua Savings Bank boosted its position in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock valued at $30,000 after purchasing an additional 137 shares during the period. Proathlete Wealth Management LLC purchased a new stake in Boeing during the 1st quarter valued at approximately $34,000. Monetary Management Group Inc. raised its stake in Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock valued at $34,000 after acquiring an additional 50 shares during the last quarter. Columbia River Financial Group LLC purchased a new stake in Boeing during the 1st quarter valued at approximately $50,000. Finally, Iron Horse Wealth Management LLC raised its stake in Boeing by 33.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer's stock valued at $51,000 after acquiring an additional 75 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

NYSE BA opened at $216.32 on Monday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company has a market capitalization of $163.57 billion, a P/E ratio of -13.10 and a beta of 1.47. The business has a 50 day moving average price of $225.06 and a 200 day moving average price of $205.21.

Boeing (NYSE:BA - Get Free Report) last released 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 company 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) earnings per share. Boeing's quarterly revenue was up 34.9% compared to the same quarter last year. On average, research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on BA shares. JPMorgan Chase & Co. upped their price objective on Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Barclays upped their price objective on Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Royal Bank Of Canada reissued an "outperform" rating and set a $250.00 target price on shares of Boeing in a research note on Monday, September 29th. UBS Group set a $280.00 price target on Boeing and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Bank of America raised their price target on Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and an average target price of $233.91.

Insider Activity at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of the firm'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 completion of the transaction, the executive vice president directly owned 35,873 shares of the company's stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director directly owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company's stock.

Boeing Company 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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