The Boeing Company $BA Shares Purchased by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC increased its stake in Boeing by 8.6%, owning 112,002 shares valued at $19.1 million at the end of the last quarter.
• Analysts have set new target prices for Boeing, with Susquehanna raising its target from $265 to $270 and Barclays adjusting theirs from $210 to $255.
• Boeing's stock has experienced fluctuations, closing at $229.78, with a 52-week low of $128.88 and a high of $242.69.

Kestra Advisory Services LLC lifted its position in The Boeing Company (NYSE:BA - Free Report) by 8.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,002 shares of the aircraft producer's stock after acquiring an additional 8,915 shares during the period. Kestra Advisory Services LLC's holdings in Boeing were worth $19,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. RPG Investment Advisory LLC boosted its stake in shares of Boeing by 100.1% in the first quarter. RPG Investment Advisory LLC now owns 102,262 shares of the aircraft producer's stock worth $17,441,000 after acquiring an additional 51,163 shares during the last quarter. Monetary Management Group Inc. boosted its stake 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 worth $34,000 after acquiring an additional 50 shares during the last quarter. Compound Planning Inc. boosted its stake in shares of Boeing by 1.7% in the first quarter. Compound Planning Inc. now owns 18,149 shares of the aircraft producer's stock worth $3,095,000 after acquiring an additional 312 shares during the last quarter. Norinchukin Bank The boosted its stake in shares of Boeing by 12.0% in the first quarter. Norinchukin Bank The now owns 47,273 shares of the aircraft producer's stock worth $8,062,000 after acquiring an additional 5,068 shares during the last quarter. Finally, CW Advisors LLC boosted its stake in shares of Boeing by 22.0% in the first quarter. CW Advisors LLC now owns 23,649 shares of the aircraft producer's stock worth $4,060,000 after acquiring an additional 4,257 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 1.5%

NYSE:BA traded down $3.37 on Monday, reaching $226.75. The company's stock had a trading volume of 4,634,214 shares, compared to its average volume of 7,329,001. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The firm has a market cap of $171.46 billion, a price-to-earnings ratio of -13.73 and a beta of 1.48. The stock has a 50 day moving average price of $221.67 and a 200 day moving average price of $194.72.

Boeing (NYSE:BA - Get Free Report) last posted its 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. During the same quarter in the prior year, the company earned ($2.90) EPS. The firm's revenue for the quarter was up 34.9% on a year-over-year basis. Equities research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Susquehanna lifted their price target on Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a research note on Wednesday, July 30th. KGI Securities raised Boeing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 24th. Cowen reissued a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Barclays boosted their price objective on Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Finally, Jefferies Financial Group boosted their price objective on Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $228.90.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,771 shares of the business'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 in the company, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, for a total transaction 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 position. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.

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.