ZWJ Investment Counsel Inc. Has $43.73 Million Stock Holdings in The Boeing Company $BA

ZWJ Investment Counsel Inc. grew its holdings in The Boeing Company (NYSE:BA) by 48.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 208,705 shares of the aircraft producer’s stock after buying an additional 67,886 shares during the quarter. Boeing makes up 1.6% of ZWJ Investment Counsel Inc.’s portfolio, making the stock its 25th largest position. ZWJ Investment Counsel Inc.’s holdings in Boeing were worth $43,730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Piscataqua Savings Bank boosted its holdings in 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 acquiring an additional 137 shares during the last quarter. Proathlete Wealth Management LLC bought a new position in Boeing in the first quarter valued at about $34,000. Monetary Management Group Inc. boosted its holdings in 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 acquiring an additional 50 shares during the last quarter. Columbia River Financial Group LLC bought a new position in Boeing in the first quarter valued at about $50,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in Boeing by 33.8% in the first quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer’s stock valued at $51,000 after acquiring an additional 75 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Jefferies Financial Group set a $255.00 price target on Boeing in a report on Tuesday. Redburn Atlantic upgraded Boeing from a “hold” rating to a “strong-buy” rating and raised their target price for the stock from $180.00 to $275.00 in a report on Friday, June 27th. Rothschild & Co Redburn upgraded Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price on the stock in a report on Friday, June 27th. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the stock a “buy” rating in a report on Thursday, June 12th. Finally, Sanford C. Bernstein raised their target price on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a report on Thursday. Three 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $233.91.

Boeing Price Performance

NYSE:BA opened at $216.32 on Friday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The stock has a market capitalization of $163.57 billion, a PE ratio of -13.10 and a beta of 1.47. The business’s 50-day simple moving average is $225.06 and its 200-day simple moving average is $204.76.

Boeing (NYSE:BA) last released 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 firm had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. During the same quarter in the previous year, the business earned ($2.90) EPS. Boeing’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity

In other news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares in the company, valued at $8,248,637.62. The trade was a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, the director directly owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase 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.