Triad Wealth Partners LLC Invests $275,000 in The Boeing Company $BA

Key Points

• Triad Wealth Partners LLC has invested approximately $275,000 in The Boeing Company, acquiring 1,311 shares in the process.
• Several institutional investors, including Vanguard Group Inc. and Charles Schwab Investment Management Inc., have also increased their stakes in Boeing, collectively owning 64.82% of the company's stock.
• Boeing announced a quarterly earnings report showing a loss of ($1.24) EPS, which was below consensus estimates, but with revenues up 34.9% year-over-year.

Triad Wealth Partners LLC bought a new position in The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,311 shares of the aircraft producer's stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BA. Vanguard Group Inc. raised its holdings in Boeing by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer's stock valued at $11,197,468,000 after buying an additional 1,212,327 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Boeing by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer's stock valued at $715,979,000 after buying an additional 19,615 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Boeing by 3.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,933,139 shares of the aircraft producer's stock valued at $500,247,000 after buying an additional 91,707 shares during the last quarter. Swiss National Bank raised its holdings in Boeing by 2.5% in the 1st quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer's stock valued at $359,895,000 after buying an additional 51,700 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Boeing by 3.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,968,748 shares of the aircraft producer's stock valued at $335,770,000 after buying an additional 69,560 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of Boeing stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the transaction, the director owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing 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 of the company's stock, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company's stock.

Boeing Stock Down 0.5%

Shares of BA stock opened at $216.32 on Friday. The company has a market cap of $163.57 billion, a price-to-earnings ratio of -13.10 and a beta of 1.47. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The firm has a 50 day moving average of $225.06 and a 200-day moving average of $204.76.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. The firm's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period last year, the business posted ($2.90) earnings per share. Analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BA. 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 report on Thursday. Royal Bank Of Canada reissued an "outperform" rating and set a $250.00 target price on shares of Boeing in a research report on Monday. The Goldman Sachs Group set a $212.00 target price on shares of Boeing and gave the company a "buy" rating in a research report on Thursday, June 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of Boeing in a research report on Saturday, September 27th. Finally, Barclays increased their target price on shares of Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Three investment 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.