MFA Wealth Advisors LLC Has $3.41 Million Stake in The Boeing Company $BA

Key Points

• MFA Wealth Advisors LLC reduced its stake in The Boeing Company by 21.5%, holding 16,275 shares worth approximately $3.41 million as of the latest SEC filing.
• Boeing's recent quarterly earnings reported a loss of ($1.24) per share, falling short of analysts' expectations, although revenue was significantly up by 34.9% year-over-year.
• Institutional investors currently own 64.82% of Boeing's stock, with several firms, including Lederer & Associates, increasing their holdings significantly during the second quarter.

MFA Wealth Advisors LLC trimmed its position in shares of The Boeing Company (NYSE:BA - Free Report) by 21.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,275 shares of the aircraft producer's stock after selling 4,446 shares during the period. MFA Wealth Advisors LLC's holdings in Boeing were worth $3,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Lederer & Associates Investment Counsel CA increased its holdings in Boeing by 84.2% during the second quarter. Lederer & Associates Investment Counsel CA now owns 7,269 shares of the aircraft producer's stock worth $1,523,000 after buying an additional 3,322 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in Boeing by 5.1% during the second quarter. AdvisorNet Financial Inc now owns 1,701 shares of the aircraft producer's stock worth $356,000 after buying an additional 83 shares during the last quarter. CRA Financial Services LLC increased its holdings in Boeing by 6.2% during the second quarter. CRA Financial Services LLC now owns 3,439 shares of the aircraft producer's stock worth $721,000 after buying an additional 200 shares during the last quarter. Conrad Siegel Investment Advisors Inc. acquired a new position in Boeing during the second quarter worth $289,000. Finally, Financial Enhancement Group LLC acquired a new position in Boeing during the second quarter worth $234,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Down 1.6%

Shares of BA stock opened at $212.26 on Tuesday. The stock has a market cap of $160.50 billion, a P/E ratio of -12.86 and a beta of 1.48. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The stock has a 50 day simple moving average of $227.61 and a 200 day simple moving average of $201.73.

Boeing (NYSE:BA - Get Free Report) last announced 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 business had revenue of $22.75 billion during the quarter, compared to analysts' expectations of $20.13 billion. Boeing's quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the company earned ($2.90) earnings per share. Analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In other news, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the purchase, the director directly owned 2,200 shares of the company's stock, valued at approximately $497,420. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the business'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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BA shares. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Boeing in a report on Monday, July 14th. Redburn Atlantic upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from $180.00 to $275.00 in a report on Friday, June 27th. Vertical Research upgraded shares of Boeing from a "hold" rating to a "buy" rating and upped their price objective for the company from $242.00 to $270.00 in a report on Monday, September 8th. Finally, Citigroup reiterated a "buy" rating on shares of Boeing in a report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $230.77.

Boeing Company 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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