Nabity Jensen Investment Management Inc Trims Holdings in The Boeing Company $BA

Nabity Jensen Investment Management Inc cut its stake in The Boeing Company (NYSE:BA) by 16.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,860 shares of the aircraft producer’s stock after selling 356 shares during the quarter. Nabity Jensen Investment Management Inc’s holdings in Boeing were worth $390,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Vestcor Inc boosted its stake in Boeing by 9.0% during the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock valued at $2,471,000 after buying an additional 1,195 shares during the period. National Pension Service boosted its stake in Boeing by 19.6% during the first quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock valued at $227,365,000 after buying an additional 218,049 shares during the period. Wynn Capital LLC bought a new stake in Boeing during the first quarter valued at $584,000. MFG Wealth Management Inc. bought a new stake in Boeing during the first quarter valued at $2,125,000. Finally, Kelman Lazarov Inc. bought a new stake in Boeing during the first quarter valued at $262,000. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BA. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Monday, July 28th. UBS Group set a $280.00 price target on Boeing and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Boeing in a report on Monday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $231.00.

Boeing Stock Down 0.6%

Shares of BA opened at $215.88 on Wednesday. The business’s 50 day moving average price is $226.04 and its 200-day moving average price is $203.92. 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 $163.24 billion, a P/E ratio of -13.08 and a beta of 1.48.

Boeing (NYSE:BA) last issued 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. During the same quarter in the prior year, the company posted ($2.90) earnings per share. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. On average, equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling

In other Boeing news, Director Mortimer J. Buckley acquired 2,200 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the transaction, the director owned 2,200 shares of the company’s stock, valued at $497,420. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the company’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 value of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.