Realta Investment Advisors Sells 2,422 Shares of The Boeing Company $BA

Realta Investment Advisors lowered its position in The Boeing Company (NYSE:BA - Free Report) by 70.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,018 shares of the aircraft producer's stock after selling 2,422 shares during the period. Realta Investment Advisors' holdings in Boeing were worth $213,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BA. Piscataqua Savings Bank increased its holdings in Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock valued at $30,000 after buying an additional 137 shares during the last quarter. Proathlete Wealth Management LLC bought a new stake in shares of Boeing during the 1st quarter valued at $34,000. Monetary Management Group Inc. increased 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 worth $34,000 after purchasing an additional 50 shares in the last quarter. Dogwood Wealth Management LLC raised its holdings in Boeing by 30.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 240 shares of the aircraft producer's stock worth $52,000 after purchasing an additional 56 shares during the period. Finally, Hilltop National Bank bought a new position in Boeing in the 2nd quarter worth $61,000. Institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on BA shares. JPMorgan Chase & Co. boosted their price target on Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Royal Bank Of Canada reiterated an "outperform" rating and set a $250.00 price objective on shares of Boeing in a research note on Monday, September 29th. KGI Securities upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 24th. Barclays lifted their price target on shares of Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Finally, 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. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $233.91.

Boeing Price Performance

Boeing stock opened at $216.32 on Monday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The firm's 50 day moving average price is $225.06 and its 200-day moving average price is $205.21. The stock has a market cap of $163.57 billion, a P/E ratio of -13.10 and a beta of 1.47.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results 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 company had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. The business's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the firm earned ($2.90) earnings per share. As a group, equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mortimer J. Buckley purchased 2,200 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director directly owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by insiders.

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.

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.