Strategies Wealth Advisors LLC Takes $396,000 Position in The Boeing Company $BA

Key Points

• Strategies Wealth Advisors LLC acquired 2,323 shares of The Boeing Company's stock worth approximately $396,000, marking a significant investment in the aerospace firm during the 1st quarter.
• Numerous institutional investors have also increased their stakes in Boeing, with notable purchases including a 33.3% increase in holdings by Monetary Management Group Inc.
• Recent analyst reports show a shift in sentiment towards Boeing, with Redburn Atlantic upgrading the stock to a "strong-buy" rating and several analysts raising their price targets significantly.

Strategies Wealth Advisors LLC bought a new position in The Boeing Company (NYSE:BA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,323 shares of the aircraft producer's stock, valued at approximately $396,000.

A number of other institutional investors have also recently bought and sold shares of the business. Monetary Management Group Inc. increased its holdings in Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock worth $34,000 after buying an additional 50 shares during the last quarter. Heritage Financial Services LLC lifted its stake in Boeing by 4.2% in the first quarter. Heritage Financial Services LLC now owns 1,264 shares of the aircraft producer's stock valued at $216,000 after acquiring an additional 51 shares during the last quarter. Wood Tarver Financial Group LLC grew its position in shares of Boeing by 14.3% in the 1st quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock valued at $75,000 after acquiring an additional 55 shares during the period. Signature Wealth Management Partners LLC increased its stake in shares of Boeing by 2.0% during the 1st quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer's stock worth $493,000 after purchasing an additional 57 shares during the last quarter. Finally, Byrne Financial Freedom LLC increased its stake in shares of Boeing by 3.0% during the 1st quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock worth $340,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Insiders Place Their Bets

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the sale, the executive vice president owned 35,873 shares in the company, valued at $8,248,637.62. The trade was a 9.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was acquired at an average cost 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 approximately $497,420. This trade 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 company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BA. Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a research note on Monday, July 28th. Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Jefferies Financial Group raised their price objective on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. KGI Securities raised Boeing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. Finally, Rothschild & Co Redburn upgraded Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target on the stock in a research note on Friday, June 27th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $228.90.

Boeing Stock Down 0.6%

Shares of NYSE:BA opened at $224.2460 on Friday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The business has a 50 day moving average of $220.58 and a 200-day moving average of $193.88. The stock has a market cap of $169.57 billion, a PE ratio of -13.58 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last released its quarterly 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 during the quarter, compared to analyst estimates of $20.13 billion. The company's revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.90) earnings per share. Equities research analysts expect that The Boeing Company will post -2.58 earnings per share 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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