Harbour Trust & Investment Management Co Acquires 275 Shares of The Boeing Company $BA

Harbour Trust & Investment Management Co increased its stake in The Boeing Company (NYSE:BA) by 10.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,899 shares of the aircraft producer’s stock after purchasing an additional 275 shares during the period. Harbour Trust & Investment Management Co’s holdings in Boeing were worth $607,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vestcor Inc increased its holdings in shares of Boeing by 9.0% in the 1st quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock worth $2,471,000 after buying an additional 1,195 shares during the last quarter. National Pension Service increased its holdings in shares of Boeing by 19.6% in the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock worth $227,365,000 after buying an additional 218,049 shares during the last quarter. MFG Wealth Management Inc. bought a new position in shares of Boeing in the 1st quarter worth $2,125,000. McElhenny Sheffield Capital Management LLC bought a new position in shares of Boeing in the 2nd quarter worth $62,859,000. Finally, Kelman Lazarov Inc. bought a new position in shares of Boeing in the 1st quarter worth $262,000. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Susquehanna reissued a “positive” rating and issued a $270.00 price target on shares of Boeing in a report on Monday, September 15th. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective for the company in a research note on Friday, June 27th. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research note on Tuesday, September 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a research note on Monday, September 29th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $236.00.

Insiders Place Their Bets

In other news, Director Mortimer J. Buckley purchased 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were acquired 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 in the company, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction of $867,103.74. Following the completion of the sale, the executive vice president directly 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. 0.09% of the stock is owned by company insiders.

Boeing Stock Up 2.3%

Shares of BA opened at $215.53 on Tuesday. The stock has a market capitalization of $162.98 billion, a P/E ratio of -13.05 and a beta of 1.47. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The firm has a fifty day simple moving average of $224.15 and a two-hundred day simple moving average of $206.87.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. The firm’s revenue was up 34.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($2.90) earnings per share. Sell-side analysts expect that The Boeing Company will post -2.58 EPS 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.