Kiley Juergens Wealth Management LLC Sells 16,523 Shares of The Boeing Company $BA

Kiley Juergens Wealth Management LLC reduced its stake in The Boeing Company (NYSE:BA) by 52.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,938 shares of the aircraft producer’s stock after selling 16,523 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Boeing were worth $3,130,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Piscataqua Savings Bank raised its position 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 during the last quarter. American National Bank & Trust raised its position 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 during the last quarter. Proathlete Wealth Management LLC purchased a new position in shares of Boeing in the 1st quarter valued at approximately $34,000. Monetary Management Group Inc. raised its position in shares of Boeing by 33.3% in 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 during the last quarter. Finally, Columbia River Financial Group LLC purchased a new position in shares of Boeing in the 1st quarter valued at approximately $50,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley purchased 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director owned 2,200 shares of the company’s stock, valued at $497,420. The trade was a ∞ increase in their ownership of the stock. The transaction 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 transaction of $867,103.74. Following the completion of the sale, the executive vice president directly 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 company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BA. Susquehanna reaffirmed a “positive” rating and issued a $270.00 price objective on shares of Boeing in a research report on Monday, September 15th. Sanford C. Bernstein reissued an “outperform” rating on shares of Boeing in a research report on Monday, July 14th. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target for the company in a research report on Friday, June 27th. Barclays raised their price target on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Citigroup reissued a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $230.77.

Boeing Price Performance

Shares of NYSE BA opened at $221.28 on Friday. The stock has a market capitalization of $167.32 billion, a price-to-earnings ratio of -13.40 and a beta of 1.48. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The firm’s 50 day simple moving average is $226.53 and its 200-day simple moving average is $202.84.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. Boeing’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter last year, the firm earned ($2.90) earnings per share. Analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.