The Boeing Company $BA Position Increased by KMG Fiduciary Partners LLC

Key Points

• KMG Fiduciary Partners LLC increased its stake in The Boeing Company by 13.0%, purchasing an additional 1,886 shares, bringing its total holdings to 16,387 shares valued at approximately $3.4 million.
• Several hedge funds have modified their positions in Boeing, with institutional investors now owning 64.82% of the company's stock.
• Analysts have mixed ratings on Boeing, with recent upgrades bringing the average target price to $230.77 and a consensus rating of "Moderate Buy."

KMG Fiduciary Partners LLC raised its position in shares of The Boeing Company (NYSE:BA - Free Report) by 13.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,387 shares of the aircraft producer's stock after buying an additional 1,886 shares during the quarter. KMG Fiduciary Partners LLC's holdings in Boeing were worth $3,434,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. American National Bank & Trust raised its position in shares of Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after purchasing an additional 128 shares during the period. REAP Financial Group LLC raised its position in shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after purchasing an additional 65 shares during the period. Dogwood Wealth Management LLC raised its position in shares of Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 112 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $33,000. Finally, Proathlete Wealth Management LLC acquired a new stake in shares of Boeing during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Price Performance

Shares of BA traded down $3.39 during trading hours on Monday, hitting $212.26. 7,340,549 shares of the company were exchanged, compared to its average volume of 6,313,642. The company has a market capitalization of $160.50 billion, a PE ratio of -12.86 and a beta of 1.48. The firm has a fifty day simple moving average of $227.61 and a 200-day simple moving average of $201.73. 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 released 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 firm had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. The firm's quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the company posted ($2.90) earnings per share. Sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of Boeing stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price 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. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the 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 sale, the executive vice president owned 35,873 shares of the company's stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BA shares. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. Citigroup restated a "buy" rating on shares of Boeing in a research report on Monday, July 28th. Jefferies Financial Group raised their target price on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada restated an "outperform" rating and issued a $250.00 target price on shares of Boeing in a research report on Wednesday, July 30th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Boeing in a research report on Monday, July 14th. Three research 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.