B.O.S.S. Retirement Advisors LLC Increases Stock Position in The Boeing Company $BA

Key Points

• B.O.S.S. Retirement Advisors LLC increased its stake in The Boeing Company by 54.3%, owning 3,644 shares valued at approximately $764,000 as of its latest SEC filing.
• Recent insider transactions include EVP David Christopher Raymond selling 3,771 shares, reducing his ownership by 9.51%, while Director Mortimer J. Buckley purchased 2,200 shares, representing an increase in his position.
• Boeing's stock has seen a 0.3% decline recently, with a market cap of $162.75 billion and a price-to-earnings ratio of -13.04.

B.O.S.S. Retirement Advisors LLC grew its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 54.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,644 shares of the aircraft producer's stock after buying an additional 1,283 shares during the period. B.O.S.S. Retirement Advisors LLC's holdings in Boeing were worth $764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. 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 worth $30,000 after purchasing an additional 137 shares in the last quarter. Proathlete Wealth Management LLC purchased a new position in Boeing during the first quarter valued at $34,000. Monetary Management Group Inc. boosted its holdings in Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock worth $34,000 after acquiring an additional 50 shares in the last quarter. Columbia River Financial Group LLC purchased a new stake in shares of Boeing in the first quarter worth $50,000. Finally, Iron Horse Wealth Management LLC grew its stake in shares of Boeing by 33.8% in the first quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer's stock worth $51,000 after acquiring an additional 75 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the sale, the executive vice president directly owned 35,873 shares of the company's stock, 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 can be accessed through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, the director directly owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is owned by company insiders.

Boeing Stock Down 0.3%

Shares of BA stock opened at $215.24 on Thursday. The firm has a market cap of $162.75 billion, a price-to-earnings ratio of -13.04 and a beta of 1.47. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The company's 50 day moving average is $225.67 and its 200 day moving average is $204.00.

Boeing (NYSE:BA - Get Free Report) last posted 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 business had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. The firm's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.90) EPS. Analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Citigroup reiterated a "buy" rating on shares of Boeing in a research note on Monday, July 28th. KGI Securities upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 24th. Vertical Research upgraded shares of Boeing from a "hold" rating to a "buy" rating and increased their price target for the company from $242.00 to $270.00 in a report on Monday, September 8th. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the stock a "buy" rating in a report on Thursday, June 12th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Boeing in a research report on Monday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average price target of $231.00.

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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