The Boeing Company $BA Shares Acquired by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC grew its stake in The Boeing Company (NYSE:BA) by 2.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,992 shares of the aircraft producer’s stock after purchasing an additional 125 shares during the period. Clear Harbor Asset Management LLC’s holdings in Boeing were worth $1,046,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BA. American National Bank & Trust increased its stake in shares of Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. Piscataqua Savings Bank increased its stake in shares of Boeing by 1,712.5% in the 2nd 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. REAP Financial Group LLC increased its stake in shares of Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Dogwood Wealth Management LLC increased its stake in shares of Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in shares of Boeing in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA stock opened at $212.26 on Tuesday. The business has a 50 day simple moving average of $227.61 and a 200-day simple moving average of $201.73. The firm has a market capitalization of $160.50 billion, a PE ratio of -12.86 and a beta of 1.48. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

Boeing (NYSE:BA) last posted 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 firm had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. Boeing’s quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the business earned ($2.90) EPS. On average, equities research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling

In other Boeing news, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of several recent analyst reports. Redburn Atlantic upgraded Boeing from a “hold” rating to a “strong-buy” rating and lifted their price target for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a research note on Monday, July 14th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Jefferies Financial Group boosted their price objective on Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Finally, Barclays boosted their price objective on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Three equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average target price of $230.77.

Boeing 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.