Axxcess Wealth Management LLC Has $4.86 Million Stock Position in The Boeing Company $BA

Axxcess Wealth Management LLC boosted its position in The Boeing Company (NYSE:BA) by 6.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 23,186 shares of the aircraft producer’s stock after acquiring an additional 1,461 shares during the period. Axxcess Wealth Management LLC’s holdings in Boeing were worth $4,858,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of BA. Piscataqua Savings Bank lifted its stake in Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares during the last quarter. Proathlete Wealth Management LLC acquired a new stake in Boeing during the first quarter worth approximately $34,000. Monetary Management Group Inc. lifted its position in Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after acquiring an additional 50 shares during the last quarter. Keener Financial Planning LLC acquired a new stake in Boeing during the second quarter worth approximately $41,000. Finally, Columbia River Financial Group LLC acquired a new stake in Boeing during the first quarter worth approximately $50,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Boeing

In other news, Director Mortimer J. Buckley acquired 2,200 shares of the stock in a transaction 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 transaction, the director directly owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were 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 of the company’s stock, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research report on Tuesday, September 30th. Rothschild & Co Redburn upgraded shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective for the company in a research report on Friday, June 27th. Bank of America raised 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. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Finally, KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $240.20.

Boeing Trading Down 0.6%

NYSE BA opened at $214.31 on Wednesday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company has a 50 day moving average of $223.95 and a 200-day moving average of $206.92. The company has a market cap of $162.05 billion, a price-to-earnings ratio of -12.98 and a beta of 1.47.

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