Uncommon Cents Investing LLC Boosts Stock Holdings in The Boeing Company $BA

Uncommon Cents Investing LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 2.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 8,365 shares of the aircraft producer’s stock after buying an additional 215 shares during the period. Uncommon Cents Investing LLC’s holdings in Boeing were worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BA. American National Bank & Trust increased its holdings in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after purchasing an additional 128 shares during the period. Piscataqua Savings Bank increased its holdings in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares during the period. Proathlete Wealth Management LLC bought a new position in shares of Boeing in the first quarter worth $34,000. Monetary Management Group Inc. increased its holdings in shares of Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after purchasing an additional 50 shares during the period. Finally, Columbia River Financial Group LLC bought a new position in Boeing in the first quarter valued at $50,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 3.6%

Shares of BA opened at $221.28 on Friday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The stock has a market cap of $167.32 billion, a P/E ratio of -13.40 and a beta of 1.48. The business’s 50 day moving average price is $226.53 and its 200-day moving average price is $203.15.

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 analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same period in the prior year, the firm posted ($2.90) EPS. The firm’s revenue was up 34.9% compared to the same quarter last year. On average, equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BA. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Rothschild & Co Redburn upgraded Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target on the stock in a research report on Friday, June 27th. UBS Group set a $280.00 price target on Boeing and gave the company a “buy” rating in a research report on Wednesday, July 30th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Finally, Jefferies Financial Group raised their price objective on Boeing from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Three equities research 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 given a Sell rating to the company. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $230.77.

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was 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 of the company’s stock, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

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.