Stephens Inc. AR Boosts Holdings in The Boeing Company $BA

Stephens Inc. AR raised its holdings in The Boeing Company (NYSE:BA) by 19.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 56,100 shares of the aircraft producer’s stock after acquiring an additional 9,243 shares during the period. Stephens Inc. AR’s holdings in Boeing were worth $11,755,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Harbor Asset Planning Inc. acquired a new stake in Boeing in the second quarter valued at approximately $25,000. Piscataqua Savings Bank grew its position in Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after acquiring an additional 137 shares in the last quarter. Monetary Management Group Inc. grew its position in Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after acquiring an additional 50 shares in the last quarter. Keener Financial Planning LLC acquired a new stake in Boeing in the second quarter valued at approximately $41,000. Finally, Dogwood Wealth Management LLC grew its position in Boeing by 30.4% in the second quarter. Dogwood Wealth Management LLC now owns 240 shares of the aircraft producer’s stock valued at $52,000 after acquiring an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In related news, Director Mortimer J. Buckley bought 2,200 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost 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 filing with the SEC, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the 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 completion of the transaction, the executive vice president directly owned 35,873 shares of the company’s stock, 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. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a research report on Monday, September 29th. UBS Group set a $280.00 target price on Boeing and gave the company a “buy” rating in a research report on Wednesday, July 30th. Susquehanna reaffirmed a “positive” rating and issued a $270.00 target price on shares of Boeing in a research report on Monday, September 15th. Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price on the stock in a research report on Friday, June 27th. Finally, Vertical Research raised Boeing from a “hold” rating to a “buy” rating and upped their target price for the company from $242.00 to $270.00 in a research report on Monday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $240.20.

Boeing Trading Up 1.8%

BA stock opened at $216.78 on Tuesday. The firm has a market cap of $163.92 billion, a P/E ratio of -13.13 and a beta of 1.47. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The stock’s 50 day simple moving average is $222.92 and its 200 day simple moving average is $208.79.

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 business had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. During the same quarter in the previous year, the company earned ($2.90) earnings per share. Boeing’s revenue for the quarter was up 34.9% compared to the same quarter last year. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Boeing Company 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.