Invictus Private Wealth LLC Takes Position in The Boeing Company $BA

Invictus Private Wealth LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 955 shares of the aircraft producer’s stock, valued at approximately $200,000.

Several other hedge funds have also modified their holdings of the stock. Trust Co. of Toledo NA OH grew its stake in shares of Boeing by 3.6% during the second quarter. Trust Co. of Toledo NA OH now owns 12,058 shares of the aircraft producer’s stock valued at $2,527,000 after purchasing an additional 419 shares during the last quarter. Von Berge Wealth Management Group LLC bought a new stake in shares of Boeing during the second quarter valued at approximately $268,000. Aberdeen Group plc grew its stake in shares of Boeing by 4.9% during the second quarter. Aberdeen Group plc now owns 521,986 shares of the aircraft producer’s stock valued at $109,372,000 after purchasing an additional 24,180 shares during the last quarter. Zullo Investment Group Inc. grew its stake in shares of Boeing by 1.2% during the second quarter. Zullo Investment Group Inc. now owns 6,353 shares of the aircraft producer’s stock valued at $1,331,000 after purchasing an additional 77 shares during the last quarter. Finally, Blue Zone Wealth Advisors LLC grew its stake in shares of Boeing by 4.5% during the second quarter. Blue Zone Wealth Advisors LLC now owns 25,149 shares of the aircraft producer’s stock valued at $5,269,000 after purchasing an additional 1,093 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BA. Barclays increased their price objective on shares of Boeing from $210.00 to $255.00 and gave the company 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 objective on the stock in a report on Friday, June 27th. Citigroup restated a “buy” rating on shares of Boeing in a report on Monday, July 28th. Sanford C. Bernstein increased their price objective on shares of Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a report on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $233.91.

Boeing Stock Down 2.3%

Shares of BA stock opened at $211.04 on Friday. The firm has a fifty day moving average of $224.29 and a 200-day moving average of $206.19. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The company has a market capitalization of $159.58 billion, a price-to-earnings ratio of -12.78 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 (EPS) 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 the consensus estimate of $20.13 billion. The firm’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the company earned ($2.90) earnings per share. On average, equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In other Boeing news, Director Mortimer J. Buckley acquired 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was purchased at an average price 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. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction on 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 approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

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.