Trilogy Capital Inc. Makes New Investment in The Boeing Company $BA

Key Points

• Trilogy Capital Inc. has acquired a new stake in Boeing, purchasing 1,689 shares valued at approximately $354,000 during the second quarter of the year.
• Boeing reported a quarterly revenue of $22.75 billion, exceeding analyst expectations, but missed earnings per share estimates with a report of ($1.24) EPS.
• Several research firms have raised their ratings on Boeing's stock, with price targets reaching as high as $275.00, reflecting a positive sentiment among analysts regarding the company's growth potential.

Trilogy Capital Inc. acquired a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,689 shares of the aircraft producer's stock, valued at approximately $354,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Piscataqua Savings Bank increased its holdings in shares of 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 acquiring an additional 137 shares in the last quarter. Proathlete Wealth Management LLC acquired a new position in Boeing during the 1st quarter valued at approximately $34,000. Monetary Management Group Inc. increased its stake in Boeing by 33.3% during the 1st 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 purchased a new position in shares of Boeing in the first quarter worth $50,000. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of Boeing by 33.8% during the first quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer's stock worth $51,000 after buying an additional 75 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

NYSE:BA opened at $215.24 on Thursday. The company has a 50 day moving average price of $225.67 and a 200-day moving average price of $204.00. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The firm has a market cap of $162.75 billion, a price-to-earnings ratio of -13.04 and a beta of 1.47.

Boeing (NYSE:BA - Get Free Report) last announced 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 company had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. During the same quarter in the previous year, the business earned ($2.90) earnings per share. The business's quarterly revenue was up 34.9% compared to the same quarter last year. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BA. Sanford C. Bernstein reissued an "outperform" rating on shares of Boeing in a research report on Monday, July 14th. Citigroup reiterated a "buy" rating on shares of Boeing in a research note on Monday, July 28th. Rothschild & Co Redburn raised Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price objective on the stock in a report on Friday, June 27th. Susquehanna restated a "positive" rating and issued a $270.00 price objective on shares of Boeing in a research note on Monday, September 15th. Finally, Vertical Research upgraded Boeing from a "hold" rating to a "buy" rating and upped their target price for the company from $242.00 to $270.00 in a research report on Monday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $231.00.

Insider Activity

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 bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director owned 2,200 shares of the company's stock, valued at $497,420. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the 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 owned 35,873 shares in the company, valued at $8,248,637.62. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by 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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