Joel Isaacson & Co. LLC Increases Position in The Boeing Company $BA

Key Points

• Joel Isaacson & Co. LLC increased its stake in The Boeing Company by 53.3% during the second quarter, owning a total of 3,754 shares valued at $787,000.
• Several institutional investors have also raised their positions in Boeing, with notable increases from Roundview Capital LLC (6.4%) and MADDEN SECURITIES Corp (26.2%).
• Boeing's stock has a consensus rating of "Moderate Buy" and a price target averaging $233.91, with recent updates from various analysts suggesting targets as high as $280.00.

Joel Isaacson & Co. LLC raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 53.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,754 shares of the aircraft producer's stock after buying an additional 1,305 shares during the period. Joel Isaacson & Co. LLC's holdings in Boeing were worth $787,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Roundview Capital LLC boosted its holdings in shares of Boeing by 6.4% in the second quarter. Roundview Capital LLC now owns 3,114 shares of the aircraft producer's stock valued at $652,000 after purchasing an additional 186 shares during the period. Stephen J. Garry & Associates LLC purchased a new stake in shares of Boeing in the second quarter valued at approximately $243,000. Ameliora Wealth Management Ltd. boosted its holdings in shares of Boeing by 12.5% in the second quarter. Ameliora Wealth Management Ltd. now owns 4,500 shares of the aircraft producer's stock valued at $943,000 after purchasing an additional 500 shares during the period. Clark & Stuart Inc purchased a new stake in shares of Boeing in the second quarter valued at approximately $210,000. Finally, MADDEN SECURITIES Corp boosted its holdings in shares of Boeing by 26.2% in the second quarter. MADDEN SECURITIES Corp now owns 14,290 shares of the aircraft producer's stock valued at $2,994,000 after purchasing an additional 2,965 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BA. Susquehanna reiterated a "positive" rating and issued a $270.00 price target on shares of Boeing in a report on Monday, September 15th. JPMorgan Chase & Co. boosted their price target on Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Citigroup reiterated a "buy" rating on shares of Boeing in a report on Monday, July 28th. Jefferies Financial Group set a $255.00 price target on Boeing in a report on Tuesday, September 30th. Finally, UBS Group set a $280.00 target price on Boeing and gave the company a "buy" rating in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and a consensus price target of $233.91.

Boeing Trading Up 1.0%

Shares of BA opened at $221.82 on Wednesday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The stock has a fifty day moving average price of $224.63 and a 200-day moving average price of $205.61. The firm has a market cap of $167.73 billion, a PE ratio of -13.44 and a beta of 1.47.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate 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. During the same quarter last year, the firm posted ($2.90) earnings per share. Boeing's revenue for the quarter was up 34.9% compared to the same quarter last year. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling at Boeing

In other news, Director Mortimer J. Buckley bought 2,200 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the transaction, the director directly owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Boeing 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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