The Boeing Company $BA Shares Sold by Aull & Monroe Investment Management Corp

Key Points

• Aull & Monroe Investment Management Corp has reduced its stake in Boeing by 16.6%, selling 1,300 shares during the second quarter, leaving it with holdings valued at approximately $1.37 million.
• The company's recent earnings report showed revenue of $22.75 billion, exceeding analyst expectations, though it reported an earnings per share (EPS) loss of ($1.24), which was worse than the consensus estimate.
• Analysts have diverse opinions on Boeing's stock, with price targets ranging from $230 to $282, indicating a consensus rating of "Moderate Buy" with potential for future growth.

Aull & Monroe Investment Management Corp decreased its position in The Boeing Company (NYSE:BA - Free Report) by 16.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,530 shares of the aircraft producer's stock after selling 1,300 shares during the quarter. Aull & Monroe Investment Management Corp's holdings in Boeing were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Financial Synergies Wealth Advisors Inc. acquired a new position in Boeing in the 2nd quarter valued at about $567,000. Dumont & Blake Investment Advisors LLC grew its holdings in shares of Boeing by 3.1% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 5,557 shares of the aircraft producer's stock worth $1,164,000 after purchasing an additional 167 shares during the period. Violich Capital Management Inc. purchased a new stake in shares of Boeing during the 2nd quarter worth about $230,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Boeing in the 2nd quarter worth approximately $7,522,000. Finally, Signature Estate & Investment Advisors LLC boosted its holdings in Boeing by 5.3% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 5,279 shares of the aircraft producer's stock worth $1,106,000 after acquiring an additional 267 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Trading Up 0.6%

Shares of Boeing stock opened at $213.09 on Friday. The stock has a 50-day moving average price of $223.10 and a 200 day moving average price of $207.83. The company has a market cap of $161.13 billion, a P/E ratio of -12.91 and a beta of 1.47. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) 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 analysts' expectations of $20.13 billion. The company's quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the company posted ($2.90) earnings per share. On average, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BA shares. Jefferies Financial Group set a $255.00 price target on Boeing in a report on Tuesday, September 30th. Rothschild & Co Redburn raised Boeing from a "neutral" rating to a "buy" rating and set a $275.00 target price on the stock in a research report on Friday, June 27th. Sanford C. Bernstein increased their target price on Boeing from $249.00 to $282.00 and gave the stock an "outperform" rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. increased their price target on Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Boeing in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $240.20.

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was 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 of the company's stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The shares were bought 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 in the company, valued at $497,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is owned by company 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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