Sloy Dahl & Holst LLC Makes New Investment in The Boeing Company $BA

Key Points

• Sloy Dahl & Holst LLC has made a new investment in The Boeing Company, acquiring 1,171 shares valued at approximately $245,000 during the second quarter.
• Institutional investors now hold 64.82% of Boeing's stock, with notable recent increases in holdings from firms like Vestcor Inc and National Pension Service.
• After rising analysts' ratings and target prices for Boeing, the company has an average target price of $240.20 and currently holds a "Moderate Buy" rating.

Sloy Dahl & Holst LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,171 shares of the aircraft producer's stock, valued at approximately $245,000.

Other institutional investors also recently modified their holdings of the company. Vestcor Inc increased its holdings in shares of Boeing by 9.0% in the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer's stock valued at $2,471,000 after purchasing an additional 1,195 shares in the last quarter. National Pension Service boosted its position in Boeing by 19.6% in the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer's stock valued at $227,365,000 after buying an additional 218,049 shares during the last quarter. MFG Wealth Management Inc. bought a new stake in shares of Boeing during the first quarter worth $2,125,000. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Boeing during the second quarter valued at $62,859,000. Finally, Kelman Lazarov Inc. acquired a new stake in shares of Boeing in the 1st quarter valued at approximately $262,000. 64.82% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Mortimer J. Buckley purchased 2,200 shares of Boeing stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the transaction, the director owned 2,200 shares of the company's stock, valued at approximately $497,420. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on BA. Bank of America upped their target price on shares of Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 1st. UBS Group set a $280.00 price objective on Boeing and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Barclays boosted their target price on Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Citigroup reaffirmed a "buy" rating on shares of Boeing in a research report on Monday, July 28th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Boeing in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and an average target price of $240.20.

Boeing Stock Performance

NYSE BA opened at $216.55 on Thursday. The stock has a market capitalization of $163.75 billion, a price-to-earnings ratio of -13.12 and a beta of 1.47. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The stock's 50 day moving average price is $222.28 and its two-hundred day moving average price is $208.91.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same quarter in the previous year, the company posted ($2.90) earnings per share. The firm's quarterly revenue was up 34.9% compared to the same quarter last year. On average, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

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.

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