Crowley Wealth Management Inc. Boosts Stake in The Boeing Company $BA

Crowley Wealth Management Inc. boosted its holdings in shares of The Boeing Company (NYSE:BA) by 12.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 802 shares of the aircraft producer’s stock after purchasing an additional 88 shares during the quarter. Crowley Wealth Management Inc.’s holdings in Boeing were worth $168,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vestcor Inc grew its position in shares of Boeing by 9.0% during the 1st quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock valued at $2,471,000 after buying an additional 1,195 shares during the last quarter. National Pension Service boosted its stake in Boeing by 19.6% in the first quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock valued at $227,365,000 after acquiring an additional 218,049 shares during the period. Wynn Capital LLC acquired a new position in Boeing in the first quarter valued at approximately $584,000. MFG Wealth Management Inc. bought a new position in shares of Boeing during the first quarter valued at approximately $2,125,000. Finally, Kelman Lazarov Inc. acquired a new stake in shares of Boeing during the 1st quarter worth approximately $262,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley purchased 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director directly owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $213.60 on Friday. The stock has a market capitalization of $161.52 billion, a P/E ratio of -12.94 and a beta of 1.48. The business has a 50-day moving average of $226.69 and a two-hundred day moving average of $202.38. 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 results 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 business had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. During the same quarter in the previous year, the business posted ($2.90) EPS. The firm’s revenue was up 34.9% on a year-over-year basis. As a group, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on BA. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. UBS Group set a $280.00 price target on shares of Boeing and gave the company a “buy” rating in a report on Wednesday, July 30th. Susquehanna restated a “positive” rating and set a $270.00 target price on shares of Boeing in a report on Monday, September 15th. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the company a “buy” rating in a research report on Thursday, June 12th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Boeing in a research note on Monday, July 14th. 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $230.77.

About Boeing

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.