Capital Advisors Inc. OK Has $46.59 Million Stock Holdings in The Boeing Company $BA

Key Points

• Capital Advisors Inc. OK significantly increased its holdings in Boeing by 18,679.9%, now owning 222,354 shares valued at approximately $46.59 million.
• Boeing reported (1.24) earnings per share for the last quarter, missing estimates, while its revenue increased by 34.9% year-over-year to $22.75 billion.
• Analysts have given Boeing an average rating of "Moderate Buy" with a target price of $233.91, reflecting optimism over its performance in the upcoming periods.

Capital Advisors Inc. OK lifted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 18,679.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 222,354 shares of the aircraft producer's stock after purchasing an additional 221,170 shares during the period. Capital Advisors Inc. OK's holdings in Boeing were worth $46,590,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Comprehensive Financial Consultants Institutional Inc. increased its stake in shares of Boeing by 1.3% during the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,815 shares of the aircraft producer's stock worth $1,218,000 after purchasing an additional 73 shares during the last quarter. Iowa State Bank acquired a new position in Boeing in the 2nd quarter valued at about $204,000. Relyea Zuckerberg Hanson LLC acquired a new position in Boeing in the 2nd quarter valued at about $260,000. Belpointe Asset Management LLC grew its stake in Boeing by 19.4% in the 2nd quarter. Belpointe Asset Management LLC now owns 14,492 shares of the aircraft producer's stock valued at $3,037,000 after buying an additional 2,358 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV grew its stake in Boeing by 1.1% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 8,918 shares of the aircraft producer's stock valued at $1,869,000 after buying an additional 96 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of NYSE BA opened at $216.32 on Monday. The stock has a market capitalization of $163.57 billion, a P/E ratio of -13.10 and a beta of 1.47. The stock's fifty day moving average is $225.06 and its 200 day moving average is $205.21. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69.

Boeing (NYSE:BA - Get Free Report) last posted 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 for the quarter, compared to analyst estimates 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 last year, the company earned ($2.90) earnings per share. Equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BA shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $250.00 price target on shares of Boeing in a research note on Monday, September 29th. KGI Securities upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on shares of Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a research note on Monday, July 28th. Finally, The Goldman Sachs Group set a $212.00 price target on shares of Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Boeing presently has an average rating of "Moderate Buy" and an average target price of $233.91.

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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