Harrell Investment Partners LLC Purchases Shares of 13,908 The Boeing Company $BA

Harrell Investment Partners LLC purchased a new stake in The Boeing Company (NYSE:BA) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 13,908 shares of the aircraft producer’s stock, valued at approximately $2,914,000.

Other hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Boeing during the 2nd quarter worth approximately $378,459,000. Vanguard Group Inc. boosted its stake in shares of Boeing by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock worth $11,197,468,000 after acquiring an additional 1,212,327 shares during the period. GAMMA Investing LLC boosted its stake in shares of Boeing by 19,333.1% during the 1st quarter. GAMMA Investing LLC now owns 997,888 shares of the aircraft producer’s stock worth $170,190,000 after acquiring an additional 992,753 shares during the period. Strs Ohio bought a new position in shares of Boeing during the 1st quarter worth approximately $98,984,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Boeing by 243.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock worth $128,689,000 after acquiring an additional 535,060 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of NYSE BA opened at $215.36 on Thursday. The stock has a market capitalization of $162.84 billion, a PE ratio of -13.04 and a beta of 1.48. The business has a fifty day moving average price of $227.04 and a two-hundred day moving average price of $201.93. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to analysts’ expectations 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 company earned ($2.90) earnings per share. On average, equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling at Boeing

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director directly owned 2,200 shares of the company’s stock, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, 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. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the stock a “buy” rating in a research note on Thursday, June 12th. Jefferies Financial Group lifted their target price on Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Susquehanna reissued a “positive” rating and set a $270.00 price target on shares of Boeing in a report on Monday, September 15th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Finally, Bank of America boosted their price target on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $230.77.

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.