The Boeing Company $BA Stake Raised by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 57.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,062 shares of the aircraft producer's stock after acquiring an additional 4,384 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Boeing were worth $2,527,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BA. Piscataqua Savings Bank grew its position in Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock valued at $30,000 after purchasing an additional 137 shares in the last quarter. Proathlete Wealth Management LLC purchased a new position in shares of Boeing during the 1st quarter valued at $34,000. Monetary Management Group Inc. increased 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. Columbia River Financial Group LLC purchased a new stake in shares of Boeing during the first quarter worth $50,000. Finally, Iron Horse Wealth Management LLC boosted its position in Boeing by 33.8% during 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 and hedge funds own 64.82% of the company's stock.

Wall Street Analyst Weigh In

BA has been the topic of several research reports. KGI Securities raised Boeing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Sanford C. Bernstein raised their price objective on shares of Boeing from $249.00 to $282.00 and gave the company an "outperform" rating in a research report on Thursday, October 2nd. Barclays boosted their target price on shares of Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Jefferies Financial Group set a $255.00 price target on shares of Boeing in a report on Tuesday, September 30th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $250.00 price objective on shares of Boeing in a research note on Monday, September 29th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $233.91.

Boeing Trading Up 1.5%

NYSE:BA opened at $219.62 on Tuesday. The firm has a market capitalization of $166.07 billion, a PE ratio of -13.30 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. The firm's fifty day simple moving average is $224.72 and its 200 day simple moving average is $205.50.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. Boeing's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period last year, the business earned ($2.90) EPS. As a group, analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction that occurred 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 transaction, the executive vice president directly owned 35,873 shares of the company's stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction dated 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 completion of the transaction, the director directly owned 2,200 shares of the company's stock, valued at $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company's stock.

About Boeing

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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