1,441 Shares in The Boeing Company $BA Purchased by Spartan Planning & Wealth Management

Spartan Planning & Wealth Management purchased a new position in shares of The Boeing Company (NYSE:BA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,441 shares of the aircraft producer’s stock, valued at approximately $302,000.

Several other hedge funds have also recently modified their holdings of the stock. HB Wealth Management LLC raised its position in shares of Boeing by 3.2% during the 2nd quarter. HB Wealth Management LLC now owns 18,162 shares of the aircraft producer’s stock worth $3,806,000 after purchasing an additional 571 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Boeing by 5.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 150,080 shares of the aircraft producer’s stock worth $31,446,000 after purchasing an additional 8,146 shares during the last quarter. Venture Visionary Partners LLC raised its position in shares of Boeing by 4.2% during the 2nd quarter. Venture Visionary Partners LLC now owns 11,067 shares of the aircraft producer’s stock worth $2,319,000 after purchasing an additional 446 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC acquired a new position in shares of Boeing during the 2nd quarter worth about $216,000. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its position in shares of Boeing by 18.0% during the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 24,583 shares of the aircraft producer’s stock worth $5,151,000 after purchasing an additional 3,743 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $217.23 on Tuesday. The firm has a 50 day simple moving average of $226.29 and a 200-day simple moving average of $203.84. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The stock has a market cap of $164.26 billion, a price-to-earnings ratio of -13.16 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) earnings per share for the quarter, missing the consensus estimate 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. During the same period last year, the business posted ($2.90) earnings per share. Boeing’s revenue for the quarter was up 34.9% on a year-over-year basis. Equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of several research analyst reports. UBS Group set a $280.00 price target on shares of Boeing and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Redburn Atlantic upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and upped their price target for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Vertical Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and upped their price target for the stock from $242.00 to $270.00 in a research report on Monday, September 8th. Citigroup reiterated a “buy” rating on shares of Boeing in a report on Monday, July 28th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a report on Monday, July 14th. Three 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $230.77.

Insider Activity at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction that occurred 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 sale, the executive vice president owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This represents a 9.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of the company’s stock in a transaction dated 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 purchase, the director owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

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.