Tempus Wealth Planning LLC Boosts Stock Holdings in The Boeing Company $BA

Tempus Wealth Planning LLC lifted its position in The Boeing Company (NYSE:BA) by 4.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,128 shares of the aircraft producer’s stock after acquiring an additional 372 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Boeing were worth $1,703,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Revolve Wealth Partners LLC bought a new stake in Boeing during the fourth quarter worth $201,000. MassMutual Private Wealth & Trust FSB grew its stake in Boeing by 39.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 4,078 shares of the aircraft producer’s stock valued at $696,000 after purchasing an additional 1,162 shares during the period. Versant Capital Management Inc increased its position in shares of Boeing by 70.0% during the 1st quarter. Versant Capital Management Inc now owns 1,379 shares of the aircraft producer’s stock valued at $235,000 after purchasing an additional 568 shares during the last quarter. GAMMA Investing LLC raised 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 purchasing an additional 992,753 shares during the period. Finally, Burns J W & Co. Inc. NY boosted its holdings in shares of Boeing by 7.0% in the 1st quarter. Burns J W & Co. Inc. NY now owns 12,762 shares of the aircraft producer’s stock worth $2,177,000 after buying an additional 830 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on BA shares. Sanford C. Bernstein restated an “outperform” rating on shares of Boeing in a report on Monday, July 14th. Vertical Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and raised their price target for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. Jefferies Financial Group lifted their price target on shares of Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Rothschild & Co Redburn upgraded Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective on the stock in a research note on Friday, June 27th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $250.00 target price on shares of Boeing in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $230.77.

Insider Transactions at Boeing

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

Boeing Trading Up 3.6%

Boeing stock opened at $221.28 on Friday. The firm has a 50 day simple moving average of $226.53 and a 200 day simple moving average of $203.15. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The firm has a market capitalization of $167.32 billion, a price-to-earnings ratio of -13.40 and a beta of 1.48.

Boeing (NYSE:BA) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $20.13 billion. Boeing’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.90) earnings per share. On average, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

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.