Axxcess Wealth Management LLC Buys 1,461 Shares of The Boeing Company $BA

Key Points

• Axxcess Wealth Management LLC increased its stake in The Boeing Company by 6.7%, acquiring an additional 1,461 shares, bringing its total holdings to 23,186 shares valued at approximately $4.86 million.
• Boeing's stock price opened at $214.31 with a market cap of $162.05 billion, and it is currently rated as a "Moderate Buy" with a consensus price target of $240.20.
• Recent analyst upgrades for Boeing include a shift from "hold" to "strong-buy" by KGI Securities, while Weiss Ratings maintains a "sell" rating, indicating mixed sentiments across analysts.

Axxcess Wealth Management LLC boosted its stake in The Boeing Company (NYSE:BA - Free Report) by 6.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,186 shares of the aircraft producer's stock after purchasing an additional 1,461 shares during the quarter. Axxcess Wealth Management LLC's holdings in Boeing were worth $4,858,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BA. Piscataqua Savings Bank increased its holdings in Boeing by 1,712.5% in the second 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 last quarter. Proathlete Wealth Management LLC acquired a new stake in Boeing during the 1st quarter worth $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 worth $34,000 after buying an additional 50 shares during the period. Keener Financial Planning LLC acquired a new stake in Boeing during the 2nd quarter worth $41,000. Finally, Columbia River Financial Group LLC acquired a new stake in Boeing during the 1st quarter worth $50,000. Institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. KGI Securities raised Boeing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 24th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Boeing in a research note on Wednesday, October 8th. Susquehanna reaffirmed a "positive" rating and set a $270.00 price objective on shares of Boeing in a research note on Monday, September 15th. Sanford C. Bernstein raised their price objective on Boeing from $249.00 to $282.00 and gave the stock an "outperform" rating in a research note on Thursday, October 2nd. Finally, Vertical Research upgraded Boeing from a "hold" rating to a "buy" rating and increased their target price for the stock from $242.00 to $270.00 in a report on Monday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and an average price target of $240.20.

Boeing Trading Down 0.6%

BA stock opened at $214.31 on Wednesday. The stock has a 50-day moving average price of $223.95 and a two-hundred day moving average price of $206.92. The stock has a market cap of $162.05 billion, a PE ratio of -12.98 and a beta of 1.47. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

Boeing (NYSE:BA - Get Free Report) last announced 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 firm had revenue of $22.75 billion during the quarter, compared to the consensus estimate 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 firm earned ($2.90) EPS. On average, analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP David Christopher Raymond sold 3,771 shares of the firm's stock in a transaction dated 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 owned 35,873 shares in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the acquisition, 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. 0.09% of the stock is owned by company insiders.

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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