Secured Retirement Advisors LLC Has $1.24 Million Holdings in The Boeing Company $BA

Key Points

• Secured Retirement Advisors LLC increased its stake in The Boeing Company by 54.5% in Q2, holding 5,907 shares valued at $1.24 million as of the latest SEC filing.
• Boeing reported a quarterly revenue of $22.75 billion for the period ending July 29, surpassing analysts' expectations, although it missed earnings per share estimates by 32 cents.
• Several brokerages have raised their price targets for Boeing, with JPMorgan Chase increasing its target from $230 to $251 and Bank of America adjusting theirs from $260 to $270.

Secured Retirement Advisors LLC increased its stake in The Boeing Company (NYSE:BA - Free Report) by 54.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,907 shares of the aircraft producer's stock after buying an additional 2,084 shares during the quarter. Secured Retirement Advisors LLC's holdings in Boeing were worth $1,238,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Piscataqua Savings Bank lifted its stake in 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. Proathlete Wealth Management LLC acquired a new stake in Boeing in the 1st quarter valued at about $34,000. Monetary Management Group Inc. lifted its position in shares of Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock valued at $34,000 after buying an additional 50 shares during the last quarter. Columbia River Financial Group LLC acquired a new stake in Boeing during the 1st quarter valued at $50,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in Boeing by 33.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer's stock valued at $51,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Trading Up 1.0%

NYSE BA opened at $221.82 on Wednesday. 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 of $224.63 and a 200-day moving average of $205.61. The company has a market cap of $167.73 billion, a price-to-earnings ratio of -13.44 and a beta of 1.47.

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. On average, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In other news, Director Mortimer J. Buckley bought 2,200 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director owned 2,200 shares of the company's stock, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on BA. JPMorgan Chase & Co. raised 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. Sanford C. Bernstein raised their target price on shares of Boeing from $249.00 to $282.00 and gave the stock an "outperform" rating in a research note on Thursday, October 2nd. Bank of America raised their price objective 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. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research report on Tuesday, September 30th. Finally, UBS Group set a $280.00 price target on Boeing and gave the stock a "buy" rating in a report on Wednesday, July 30th. Three investment 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 company's stock. According to data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and a consensus target price of $233.91.

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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