Little House Capital LLC Purchases New Holdings in The Boeing Company $BA

Key Points

• Little House Capital LLC acquired 6,291 shares of The Boeing Company, worth approximately $1.32 million, during the second quarter.
• Research analysts have set target prices for Boeing shares ranging from $212 to $280, with a consensus rating of "Moderate Buy".
• Boeing reported earnings per share of ($1.24) for the last quarter, missing estimates, but achieved revenue of $22.75 billion, exceeding expectations.

Little House Capital LLC purchased a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,291 shares of the aircraft producer's stock, valued at approximately $1,318,000.

Other hedge funds also recently added to or reduced their stakes in the company. American National Bank & Trust grew its holdings in Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after purchasing an additional 128 shares during the last quarter. REAP Financial Group LLC grew its stake in Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Dogwood Wealth Management LLC grew its stake in Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 112 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Boeing in the 4th quarter worth about $33,000. Finally, Proathlete Wealth Management LLC bought a new position in Boeing in the 1st quarter worth about $34,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of research analyst reports. UBS Group set a $280.00 target price on shares of Boeing and gave the stock a "buy" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group set a $212.00 target price on shares of Boeing and gave the stock a "buy" rating in a research note on Thursday, June 12th. Bank of America upped their target price on shares of Boeing from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Citigroup restated a "buy" rating on shares of Boeing in a research note on Monday, July 28th. Finally, Susquehanna restated a "positive" rating and issued a $270.00 target price on shares of Boeing in a research note on Monday. Three investment 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 stock. Based on data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and a consensus price target of $230.77.

Insiders Place Their Bets

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the firm'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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mortimer J. Buckley purchased 2,200 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director 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. Company insiders own 0.09% of the company's stock.

Boeing Stock Down 0.1%

NYSE:BA opened at $215.73 on Tuesday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The firm has a 50 day moving average of $228.71 and a 200 day moving average of $199.86. The stock has a market capitalization of $163.13 billion, a price-to-earnings ratio of -13.07 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) earnings per share (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 analyst estimates of $20.13 billion. The company'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) earnings per share. As a group, analysts expect that The Boeing Company will post -2.58 EPS for the current 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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