Marino Stram & Associates LLC Takes $252,000 Position in The Boeing Company $BA

Marino Stram & Associates LLC acquired a new stake in The Boeing Company (NYSE:BA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,201 shares of the aircraft producer’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Piscataqua Savings Bank raised 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 valued at $30,000 after purchasing an additional 137 shares during the last quarter. American National Bank & Trust grew its stake 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 valued at $26,000 after buying an additional 128 shares in the last quarter. Proathlete Wealth Management LLC bought a new position in shares of Boeing in the first quarter valued at $34,000. Monetary Management Group Inc. grew its stake 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 valued at $34,000 after buying an additional 50 shares in the last quarter. Finally, Columbia River Financial Group LLC bought a new position in shares of Boeing in the first quarter valued at $50,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BA shares. JPMorgan Chase & Co. raised their target price on shares of Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Susquehanna reissued a “positive” rating and issued a $270.00 target price on shares of Boeing in a research note on Monday, September 15th. Barclays raised their target price on shares of Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Finally, Bank of America lifted their price objective on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average price target of $231.00.

Insider Transactions at Boeing

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of Boeing stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the transaction, the director owned 2,200 shares in the company, valued at $497,420. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction dated 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 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. Insiders own 0.09% of the company’s stock.

Boeing Price Performance

BA stock opened at $215.88 on Wednesday. The company has a fifty day moving average price of $226.04 and a two-hundred day moving average price of $203.92. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The stock has a market cap of $163.24 billion, a price-to-earnings ratio of -13.08 and a beta of 1.48.

Boeing (NYSE:BA) last released 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 business had revenue of $22.75 billion for 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 last year, the business posted ($2.90) earnings per share. Research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.