Financial Partners Group Inc Takes Position in The Boeing Company $BA

Key Points

• Financial Partners Group Inc bought a new position in The Boeing Company, acquiring 1,201 shares valued at approximately $252,000.
• In its most recent earnings report, Boeing reported a loss of ($1.24) EPS, missing estimates, but generated revenue of $22.75 billion, exceeding expectations by 34.9% year-over-year.
• Recent analyst activity includes upgrades from Jefferies Financial Group and UBS Group, with several analysts setting target prices as high as $280.00 for Boeing stock.

Financial Partners Group Inc bought a new position in The Boeing Company (NYSE:BA - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,201 shares of the aircraft producer's stock, valued at approximately $252,000.

Other large investors have also made changes to their positions in the company. Vestcor Inc increased its stake in Boeing by 9.0% in the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer's stock worth $2,471,000 after purchasing an additional 1,195 shares during the period. National Pension Service lifted its stake in shares of Boeing by 19.6% in the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer's stock valued at $227,365,000 after purchasing an additional 218,049 shares during the last quarter. Wynn Capital LLC purchased a new stake in shares of Boeing in the 1st quarter valued at $584,000. MFG Wealth Management Inc. purchased a new position in shares of Boeing in the 1st quarter valued at about $2,125,000. Finally, Kelman Lazarov Inc. acquired a new stake in Boeing during the 1st quarter worth approximately $262,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of NYSE BA opened at $212.26 on Tuesday. The company has a 50-day moving average price of $227.61 and a 200-day moving average price of $201.73. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The stock has a market capitalization of $160.50 billion, a P/E ratio of -12.86 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS 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 analysts' expectations of $20.13 billion. Boeing's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.90) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. Jefferies Financial Group increased 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. Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and upped their target price for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Rothschild & Co Redburn raised shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target on the stock in a research note on Friday, June 27th. Finally, UBS Group set a $280.00 target price on shares of Boeing and gave the company a "buy" rating in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Boeing presently has an average rating of "Moderate Buy" and a consensus target price of $230.77.

Insiders Place Their Bets

In other news, EVP David Christopher Raymond sold 3,771 shares of the firm's 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 transaction, the executive vice president directly owned 35,873 shares of the company's stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mortimer J. Buckley purchased 2,200 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost 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 of the company's stock, valued at approximately $497,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate 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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