The Boeing Company $BA is Capital & Planning LLC's 7th Largest Position

Key Points

• Capital & Planning LLC has decreased its holdings in Boeing by 13.2%, now owning 53,223 shares which amounts to $11,152,000, making it the firm's 7th largest position.
• Insider transactions included Director Mortimer J. Buckley purchasing 2,200 shares for approximately $497,420, while EVP David Christopher Raymond sold 3,771 shares for about $867,104.
• Boeing reported a fiscal quarterly loss of ($1.24) EPS, missing estimates, but saw revenues increase by 34.9% year-over-year to $22.75 billion.

Capital & Planning LLC cut its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 13.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,223 shares of the aircraft producer's stock after selling 8,088 shares during the period. Boeing accounts for 7.6% of Capital & Planning LLC's holdings, making the stock its 7th biggest holding. Capital & Planning LLC's holdings in Boeing were worth $11,152,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Piscataqua Savings Bank boosted its position in Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock valued at $30,000 after acquiring an additional 137 shares in the last quarter. Proathlete Wealth Management LLC purchased a new stake in shares of Boeing during the 1st quarter worth $34,000. Monetary Management Group Inc. boosted its position in Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock valued at $34,000 after purchasing an additional 50 shares in the last quarter. Columbia River Financial Group LLC bought a new stake in Boeing during the first quarter valued at about $50,000. Finally, Iron Horse Wealth Management LLC grew its stake in Boeing by 33.8% in the first 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 own 64.82% of the company's stock.

Insider Transactions at Boeing

In other Boeing news, Director Mortimer J. Buckley acquired 2,200 shares of the firm's 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 purchase, the director owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the company's stock in a transaction 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 sale, the executive vice president directly owned 35,873 shares in the company, 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. Insiders own 0.09% of the company's stock.

Boeing Price Performance

Shares of BA opened at $217.12 on Friday. The company's fifty day moving average price is $225.39 and its 200-day moving average price is $204.38. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The firm has a market capitalization of $164.18 billion, a PE ratio of -13.15 and a beta of 1.47.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on BA shares. KGI Securities upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. Redburn Atlantic upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating and raised their target price for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Rothschild & Co Redburn raised shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target on the stock in a report on Friday, June 27th. Royal Bank Of Canada reiterated an "outperform" rating and set a $250.00 price objective on shares of Boeing in a report on Monday. Finally, UBS Group set a $280.00 price objective on Boeing and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $233.91.

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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