One Wealth Capital Management LLC Buys 1,428 Shares of The Boeing Company $BA

Key Points

• One Wealth Capital Management LLC increased its holdings in The Boeing Company by 93.5% during the first quarter, acquiring an additional 1,428 shares, bringing their total to 2,955 shares valued at approximately $504,000.
• Boeing's recent quarterly earnings report revealed a loss of ($1.24) earnings per share, missing estimates, but the revenue increased by 34.9% year-over-year to $22.75 billion.
• Analyst ratings for Boeing show a consensus of "Moderate Buy" with an average price target of $228.90, reflecting optimism despite mixed earnings results.

One Wealth Capital Management LLC raised its holdings in The Boeing Company (NYSE:BA - Free Report) by 93.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,955 shares of the aircraft producer's stock after acquiring an additional 1,428 shares during the period. One Wealth Capital Management LLC's holdings in Boeing were worth $504,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BA. Monetary Management Group Inc. increased its holdings in 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 in the last quarter. Heritage Financial Services LLC lifted its position in shares of Boeing by 4.2% during the first quarter. Heritage Financial Services LLC now owns 1,264 shares of the aircraft producer's stock worth $216,000 after purchasing an additional 51 shares during the last quarter. Wood Tarver Financial Group LLC lifted its position in shares of Boeing by 14.3% during the first quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock worth $75,000 after purchasing an additional 55 shares during the last quarter. Signature Wealth Management Partners LLC lifted its holdings in Boeing by 2.0% in the first quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer's stock worth $493,000 after acquiring an additional 57 shares during the last quarter. Finally, Byrne Financial Freedom LLC lifted its holdings in Boeing by 3.0% in the first quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock worth $340,000 after acquiring an additional 58 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley restated an "equal weight" rating on shares of Boeing in a research note on Monday, July 28th. Bank of America lifted their price target on shares of Boeing from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Rothschild & Co Redburn raised shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective for the company in a research note on Friday, June 27th. Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $228.90.

Boeing Price Performance

Boeing stock traded down $1.63 during midday trading on Thursday, hitting $230.75. The company's stock had a trading volume of 4,088,874 shares, compared to its average volume of 8,251,609. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company has a 50-day moving average price of $226.68 and a two-hundred day moving average price of $197.06. The company has a market cap of $174.48 billion, a price-to-earnings ratio of -13.98 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last released 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 firm's revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.90) earnings per share. Sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In other news, 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 sale, the executive vice president directly owned 35,873 shares of the company's stock, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mortimer J. Buckley bought 2,200 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company's stock.

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.