Laraway Financial Advisors Inc Sells 197 Shares of The Boeing Company $BA

Laraway Financial Advisors Inc lessened its stake in The Boeing Company (NYSE:BA) by 12.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,338 shares of the aircraft producer’s stock after selling 197 shares during the quarter. Laraway Financial Advisors Inc’s holdings in Boeing were worth $280,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of Boeing during the 2nd quarter worth about $378,459,000. Vanguard Group Inc. grew its holdings in Boeing by 1.9% during the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock worth $11,197,468,000 after purchasing an additional 1,212,327 shares during the period. Strs Ohio acquired a new position in Boeing during the first quarter worth approximately $98,984,000. Canada Pension Plan Investment Board raised its stake in Boeing by 243.8% in the first quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock valued at $128,689,000 after buying an additional 535,060 shares during the period. Finally, Valeo Financial Advisors LLC raised its stake in Boeing by 938.4% in the second quarter. Valeo Financial Advisors LLC now owns 556,814 shares of the aircraft producer’s stock valued at $116,669,000 after buying an additional 503,193 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BA. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the stock a “buy” rating in a research note on Thursday, June 12th. Bank of America lifted their price objective on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Susquehanna reiterated a “positive” rating and issued a $270.00 price objective on shares of Boeing in a report on Monday, September 15th. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 target price on shares of Boeing in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $233.91.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley purchased 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the purchase, the director owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares in the company, 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. Corporate insiders own 0.09% of the company’s stock.

Boeing Stock Performance

BA opened at $219.62 on Tuesday. The stock has a fifty day moving average of $224.72 and a 200-day moving average of $205.50. The company has a market capitalization of $166.07 billion, a P/E ratio of -13.30 and a beta of 1.47. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) 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. During the same quarter in the previous year, the business earned ($2.90) EPS. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing 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.