Marino Stram & Associates LLC Takes Position in The Boeing Company $BA

Key Points

• Marino Stram & Associates LLC purchased 1,201 shares of Boeing, marking a new stake valued at approximately $252,000 during the 2nd quarter.
• Boeing's recent earnings report revealed a loss of ($1.24) EPS, missing estimates, but revenue increased by 34.9% year-over-year to $22.75 billion.
• Shares of Boeing are trading near $215.88, with analysts giving the stock an average rating of "Moderate Buy" and a target price of $231.00.

Marino Stram & Associates LLC bought a new stake in The Boeing Company (NYSE:BA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,201 shares of the aircraft producer's stock, valued at approximately $252,000.

Other hedge funds also recently modified their holdings of the company. Piscataqua Savings Bank boosted its stake in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock valued at $30,000 after purchasing an additional 137 shares during the last quarter. American National Bank & Trust boosted its stake in shares of Boeing by 474.1% in 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. Proathlete Wealth Management LLC bought a new position in shares of Boeing in the 1st quarter valued at about $34,000. Monetary Management Group Inc. boosted its stake in shares of Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock valued at $34,000 after purchasing an additional 50 shares during the last quarter. Finally, Columbia River Financial Group LLC bought a new position in shares of Boeing in the 1st quarter valued at about $50,000. Institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

Shares of BA stock opened at $215.88 on Wednesday. The company has a market capitalization of $163.24 billion, a P/E ratio of -13.08 and a beta of 1.48. The company's 50 day moving average price is $226.04 and its two-hundred day moving average price is $203.92. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate 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. The business's revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($2.90) EPS. Analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mortimer J. Buckley bought 2,200 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were 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 in the company, valued at approximately $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BA. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the stock a "buy" rating in a research note on Thursday, June 12th. Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a research note on Monday, July 28th. Redburn Atlantic raised shares of Boeing from a "hold" rating to a "strong-buy" rating and lifted their price objective for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. Finally, Vertical Research raised shares of Boeing from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $231.00.

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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.