The Boeing Company $BA Shares Bought by MGO One Seven LLC

MGO One Seven LLC raised its stake in The Boeing Company (NYSE:BA) by 14.7% in the second quarter, HoldingsChannel.com reports. The fund owned 9,699 shares of the aircraft producer’s stock after purchasing an additional 1,240 shares during the quarter. MGO One Seven LLC’s holdings in Boeing were worth $2,032,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vestcor Inc increased its stake in Boeing by 9.0% in the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock valued at $2,471,000 after purchasing an additional 1,195 shares during the last quarter. National Pension Service increased its stake in Boeing by 19.6% in the first quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock valued at $227,365,000 after purchasing an additional 218,049 shares during the last quarter. MFG Wealth Management Inc. acquired a new position in Boeing in the first quarter valued at $2,125,000. McElhenny Sheffield Capital Management LLC acquired a new position in Boeing in the second quarter valued at $62,859,000. Finally, Kelman Lazarov Inc. acquired a new position in Boeing in the first quarter valued at $262,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Jefferies Financial Group set a $255.00 target price on Boeing in a research note on Tuesday, September 30th. Barclays upped their price target on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Sanford C. Bernstein upped their price target on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Finally, Redburn Atlantic upgraded Boeing from a “hold” rating to a “strong-buy” rating and upped their price target for the stock from $180.00 to $275.00 in a research note on Friday, June 27th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $240.20.

Insider Activity

In related news, Director Mortimer J. Buckley bought 2,200 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price 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 of the company’s stock, valued at approximately $497,420. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the company’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 of the company’s stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.

Boeing Price Performance

Shares of 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 business has a 50-day moving average of $223.95 and a 200-day moving average of $206.92. The company has a market capitalization of $162.05 billion, a price-to-earnings ratio of -12.98 and a beta of 1.47.

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