Future Financial Wealth Managment LLC Has $147,000 Stock Holdings in The Boeing Company $BA

Future Financial Wealth Managment LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 16.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 700 shares of the aircraft producer’s stock after buying an additional 100 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in Boeing were worth $147,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Aspire Capital Advisors LLC lifted its stake in Boeing by 0.8% in the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after purchasing an additional 45 shares during the last quarter. Lantz Financial LLC lifted its position in shares of Boeing by 1.5% in the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after buying an additional 46 shares during the last quarter. Atlas Brown Inc. lifted its position in shares of Boeing by 0.7% in the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after buying an additional 48 shares during the last quarter. Moody National Bank Trust Division lifted its position in shares of Boeing by 2.7% in the second quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer’s stock valued at $385,000 after buying an additional 48 shares during the last quarter. Finally, Monetary Management Group Inc. lifted its holdings in Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BA has been the subject of several research reports. Bank of America raised their price target on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Sanford C. Bernstein raised their target price on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research note on Thursday. Vertical Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and raised their target price for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. Barclays raised their price objective on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $233.91.

Insider Activity at Boeing

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction on 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 acquisition, the director directly owned 2,200 shares of the company’s stock, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $867,103.74. Following the completion of the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This trade represents 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 Stock Performance

Shares of Boeing stock opened at $216.32 on Friday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The firm has a 50-day moving average of $225.06 and a 200-day moving average of $204.76. The stock has a market cap of $163.57 billion, a PE ratio of -13.10 and a beta of 1.47.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 business 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 earned ($2.90) EPS. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. Equities research analysts predict that The Boeing Company will post -2.58 earnings per share 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.