Capital Advisors Inc. OK Has $46.59 Million Position in The Boeing Company $BA

Capital Advisors Inc. OK increased its stake in shares of The Boeing Company (NYSE:BA) by 18,679.9% in the second quarter, Holdings Channel.com reports. The firm owned 222,354 shares of the aircraft producer’s stock after buying an additional 221,170 shares during the quarter. Capital Advisors Inc. OK’s holdings in Boeing were worth $46,590,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BA. Comprehensive Financial Consultants Institutional Inc. boosted its holdings in shares of Boeing by 1.3% during the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,815 shares of the aircraft producer’s stock valued at $1,218,000 after acquiring an additional 73 shares in the last quarter. Iowa State Bank acquired a new position in shares of Boeing in the second quarter valued at approximately $204,000. Relyea Zuckerberg Hanson LLC bought a new position in Boeing in the 2nd quarter valued at approximately $260,000. Belpointe Asset Management LLC boosted its position in Boeing by 19.4% during the 2nd quarter. Belpointe Asset Management LLC now owns 14,492 shares of the aircraft producer’s stock worth $3,037,000 after buying an additional 2,358 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV grew its holdings in Boeing by 1.1% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 8,918 shares of the aircraft producer’s stock worth $1,869,000 after acquiring an additional 96 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BA has been the subject of several analyst reports. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Susquehanna reiterated a “positive” rating and set a $270.00 price target on shares of Boeing in a report on Monday, September 15th. Barclays lifted their price target on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Rothschild & Co Redburn upgraded shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target on the stock in a report on Friday, June 27th. Finally, The Goldman Sachs Group set a $212.00 price target on shares of Boeing and gave the stock a “buy” rating in a report on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $233.91.

Boeing Stock Down 0.5%

BA stock opened at $216.32 on Monday. The firm has a market cap of $163.57 billion, a price-to-earnings ratio of -13.10 and a beta of 1.47. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The company’s fifty day simple moving average is $225.06 and its 200 day simple moving average is $205.21.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($2.90) EPS. Research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mortimer J. Buckley bought 2,200 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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. 0.09% of the stock is owned by insiders.

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.