Nwam LLC Buys 1,070 Shares of The Boeing Company (NYSE:BA)

Nwam LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,827 shares of the aircraft producer’s stock after buying an additional 1,070 shares during the period. Nwam LLC’s holdings in The Boeing were worth $3,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. NuWave Investment Management LLC bought a new stake in The Boeing in the second quarter worth $30,000. Hall Laurie J Trustee bought a new stake in The Boeing in the third quarter worth $33,000. Laidlaw Wealth Management LLC increased its position in The Boeing by 84,338.8% in the second quarter. Laidlaw Wealth Management LLC now owns 6,738,216 shares of the aircraft producer’s stock worth $36,000 after purchasing an additional 6,730,236 shares during the last quarter. Pacific Center for Financial Services increased its position in The Boeing by 100.0% in the second quarter. Pacific Center for Financial Services now owns 200 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 100 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its position in The Boeing by 79.5% in the third quarter. Riggs Asset Managment Co. Inc. now owns 569 shares of the aircraft producer’s stock worth $38,000 after purchasing an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 52.57% of the company’s stock.

In other The Boeing news, Director Steven M. Mollenkopf acquired 1,152 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was bought at an average cost of $173.36 per share, with a total value of $199,710.72. Following the completion of the purchase, the director now directly owns 1,152 shares in the company, valued at $199,710.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.

NYSE:BA traded up $3.11 during mid-day trading on Friday, reaching $167.35. The company’s stock had a trading volume of 31,780,625 shares, compared to its average volume of 30,388,395. The Boeing Company has a 1 year low of $89.00 and a 1 year high of $375.60. The stock has a fifty day moving average of $164.97 and a 200-day moving average of $162.27. The firm has a market capitalization of $94.46 billion, a PE ratio of -33.14 and a beta of 1.37.

The Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 29th. The aircraft producer reported ($4.79) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.93) by ($1.86). The Boeing had a negative return on equity of 3.08% and a negative net margin of 4.27%. The business had revenue of $11.81 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same period last year, the company earned ($5.82) earnings per share. The firm’s revenue was down 25.0% compared to the same quarter last year. As a group, equities analysts forecast that The Boeing Company will post -10.44 earnings per share for the current year.

Several equities research analysts recently weighed in on BA shares. Alembic Global Advisors upgraded shares of The Boeing from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $150.00 to $184.00 in a research report on Monday, September 28th. 140166 dropped their price objective on shares of The Boeing from $240.00 to $210.00 in a research note on Thursday, July 30th. ValuEngine lowered shares of The Boeing from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 1st. Berenberg Bank set a $150.00 price objective on shares of The Boeing and gave the stock a “sell” rating in a research note on Thursday, June 25th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of The Boeing in a research note on Tuesday, October 13th. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $206.82.

About The Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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