Stephen J. Garry & Associates LLC Acquires Shares of 1,161 The Boeing Company $BA

Key Points

• Stephen J. Garry & Associates LLC has acquired 1,161 shares of Boeing, valued around $243,000, reflecting a strong interest from institutional investors, who own 64.82% of the stock.
• Boeing's latest earnings report showed a revenue increase of 34.9% year-over-year, despite missing EPS estimates, with reported earnings of ($1.24) per share.
• Various analysts have rated Boeing with a consensus target price of $233.91, with three analysts giving it a Strong Buy rating and several others maintaining buy or hold ratings.

Stephen J. Garry & Associates LLC purchased a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,161 shares of the aircraft producer's stock, valued at approximately $243,000.

Other large investors also recently bought and sold shares of the company. Piscataqua Savings Bank boosted its position in Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock worth $30,000 after purchasing an additional 137 shares during the last quarter. Proathlete Wealth Management LLC purchased a new position in Boeing in the first quarter worth about $34,000. Monetary Management Group Inc. boosted its position in Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock worth $34,000 after purchasing an additional 50 shares during the last quarter. Columbia River Financial Group LLC purchased a new position in Boeing in the first quarter worth about $50,000. Finally, Iron Horse Wealth Management LLC boosted its position in Boeing by 33.8% in the first quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer's stock worth $51,000 after purchasing an additional 75 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

NYSE BA opened at $219.62 on Tuesday. The company has a market cap of $166.07 billion, a P/E ratio of -13.30 and a beta of 1.47. The business's 50 day moving average price is $224.72 and its 200-day moving average price is $205.50. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

Boeing (NYSE:BA - Get Free Report) last released 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 firm had revenue of $22.75 billion during the quarter, compared to analysts' expectations of $20.13 billion. During the same quarter in the prior year, the company posted ($2.90) earnings per share. The business's revenue was up 34.9% on a year-over-year basis. As a group, equities analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

BA has been the topic of a number of analyst reports. Jefferies Financial Group set a $255.00 price objective on Boeing in a research report on Tuesday, September 30th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the company a "buy" rating in a research report on Thursday, June 12th. KGI Securities raised Boeing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Boeing in a research report on Saturday, September 27th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and a consensus target price of $233.91.

Insiders Place Their Bets

In other news, Director Mortimer J. Buckley bought 2,200 shares of the stock in a transaction on Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the company's stock in a transaction 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 of the company's stock, valued at $8,248,637.62. This trade represents 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.

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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