Integrity Wealth Advisors Inc. Raises Holdings in The Boeing Company $BA

Key Points

• Integrity Wealth Advisors Inc. raised its stake in The Boeing Company by 36.2% during Q1, now owning 8,217 shares, valued at $1.4 million.
• During the same quarter, other large investors, including the National Pension Service and Vestcor Inc., also increased their holdings in Boeing by 19.6% and 9.0%, respectively.
• Boeing's shares recently traded at $220.27, down 3.2%, and the company reported a loss of ($1.24) EPS for its latest quarter, missing analysts' estimates.

Integrity Wealth Advisors Inc. boosted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 36.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,217 shares of the aircraft producer's stock after purchasing an additional 2,186 shares during the quarter. Boeing makes up 1.0% of Integrity Wealth Advisors Inc.'s investment portfolio, making the stock its 16th biggest holding. Integrity Wealth Advisors Inc.'s holdings in Boeing were worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Vestcor Inc increased its holdings in Boeing by 9.0% during the 1st 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 increased its holdings in Boeing by 19.6% during the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer's stock worth $227,365,000 after purchasing an additional 218,049 shares during the period. Wynn Capital LLC purchased a new stake in Boeing during the 1st quarter worth about $584,000. Zimmer Partners LP purchased a new stake in Boeing during the 4th quarter worth about $393,736,000. Finally, MFG Wealth Management Inc. purchased a new stake in Boeing during the 1st quarter worth about $2,125,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of the company'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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mortimer J. Buckley bought 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the transaction, the director owned 2,200 shares in the company, 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 Stock Down 3.2%

Shares of NYSE BA opened at $220.27 on Friday. The stock has a market cap of $166.56 billion, a PE ratio of -13.34 and a beta of 1.48. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The business has a 50-day moving average price of $228.76 and a 200 day moving average price of $198.95.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to analysts' expectations of $20.13 billion. The firm's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the previous year, the business posted ($2.90) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on BA shares. KGI Securities upgraded Boeing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. Bank of America increased their price objective on Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 1st. Wells Fargo & Company reiterated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Rothschild & Co Redburn upgraded Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective on the stock in a report on Friday, June 27th. Finally, TD Securities downgraded Boeing to a "cautious" rating in a report on Thursday, May 22nd. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $230.77.

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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