Ashton Thomas Securities LLC Purchases 379 Shares of The Boeing Company $BA

Ashton Thomas Securities LLC grew its holdings in The Boeing Company (NYSE:BA) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,056 shares of the aircraft producer’s stock after purchasing an additional 379 shares during the period. Ashton Thomas Securities LLC’s holdings in Boeing were worth $2,107,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BA. Vanguard Group Inc. lifted its stake in shares of Boeing by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after acquiring an additional 1,212,327 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Boeing by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer’s stock valued at $715,979,000 after purchasing an additional 19,615 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Boeing by 3.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,933,139 shares of the aircraft producer’s stock worth $500,247,000 after purchasing an additional 91,707 shares during the last quarter. Swiss National Bank boosted its position in Boeing by 2.5% during the 1st quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer’s stock worth $359,895,000 after buying an additional 51,700 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Boeing by 3.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,968,748 shares of the aircraft producer’s stock worth $335,770,000 after buying an additional 69,560 shares during the period. Institutional investors own 64.82% of the company’s stock.

Insider Activity

In related news, EVP David Christopher Raymond sold 3,771 shares of the firm’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 sale, the executive vice president directly owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mortimer J. Buckley purchased 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was bought 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 represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays upped their price target on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Redburn Atlantic upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and boosted their price target for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a research note on Monday. The Goldman Sachs Group set a $212.00 target price on shares of Boeing and gave the stock a “buy” rating in a research note on Thursday, June 12th. Finally, Vertical Research raised Boeing from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $242.00 to $270.00 in a research report on Monday, September 8th. Three equities 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.91.

Boeing Trading Up 0.9%

Boeing stock opened at $217.12 on Friday. The firm’s 50 day simple moving average is $225.39 and its 200 day simple moving average is $204.38. 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 $164.18 billion, a PE ratio of -13.15 and a beta of 1.47.

Boeing (NYSE:BA) last released 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 analysts’ expectations of $20.13 billion. During the same quarter in the prior year, the firm posted ($2.90) earnings per share. The business’s revenue for the quarter was up 34.9% on a year-over-year basis. Research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Boeing Company 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.