Financial Synergies Wealth Advisors Inc. Takes Position in The Boeing Company $BA

Key Points

• Financial Synergies Wealth Advisors Inc. has acquired a new position in The Boeing Company, purchasing 2,708 shares worth approximately $567,000 during the second quarter.
• Multiple institutional investors have increased their stakes in Boeing recently, resulting in institutions owning 64.82% of the company's stock.
• Boeing's shares currently have a consensus rating of "Moderate Buy" with varying target prices set by different analysts, ranging from $250.00 to $270.00.

Financial Synergies Wealth Advisors Inc. purchased a new stake in The Boeing Company (NYSE:BA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,708 shares of the aircraft producer's stock, valued at approximately $567,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BA. Harbor Asset Planning Inc. acquired a new position in Boeing during the second quarter worth $25,000. Piscataqua Savings Bank boosted its holdings in Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock worth $30,000 after purchasing an additional 137 shares during the last quarter. Monetary Management Group Inc. boosted its holdings in Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock worth $34,000 after purchasing an additional 50 shares during the last quarter. Keener Financial Planning LLC acquired a new position in Boeing during the second quarter worth $41,000. Finally, Columbia River Financial Group LLC acquired a new position in Boeing during the first quarter worth $50,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Analyst Upgrades and Downgrades

BA has been the subject of several recent research reports. Jefferies Financial Group set a $255.00 target price on shares of Boeing in a report on Tuesday, September 30th. Citigroup restated a "buy" rating on shares of Boeing in a report on Monday, July 28th. Bank of America increased their target price on shares of Boeing from $260.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Royal Bank Of Canada restated an "outperform" rating and set a $250.00 target price on shares of Boeing in a report on Monday, September 29th. Finally, Susquehanna reiterated a "positive" rating and issued a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $240.20.

Insider Activity

In other 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 value of $867,103.74. Following the transaction, the executive vice president directly owned 35,873 shares of the company's stock, valued at $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the transaction, the director directly owned 2,200 shares of the company's stock, valued at approximately $497,420. This trade 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 corporate insiders.

Boeing Price Performance

Shares of BA stock opened at $213.09 on Friday. The stock has a market cap of $161.13 billion, a P/E ratio of -12.91 and a beta of 1.47. The company has a fifty day moving average price of $223.10 and a two-hundred day moving average price of $207.83. The Boeing Company has a one year low of $128.88 and a one year high of $242.69.

Boeing (NYSE:BA - Get Free Report) last announced 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 business had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. Boeing's revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the company posted ($2.90) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

About Boeing

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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