The Boeing Company $BA Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its stake in shares of The Boeing Company (NYSE:BA) by 33.5% in the second quarter, HoldingsChannel.com reports. The fund owned 194,236 shares of the aircraft producer’s stock after purchasing an additional 48,702 shares during the period. D.A. Davidson & CO.’s holdings in Boeing were worth $40,698,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in BA. Harbor Asset Planning Inc. acquired a new position in Boeing during the second quarter worth $25,000. Piscataqua Savings Bank raised its position in Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 137 shares during the period. Monetary Management Group Inc. raised 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 period. IMG Wealth Management Inc. raised its position in Boeing by 159.4% during the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after acquiring an additional 110 shares during the period. Finally, Keener Financial Planning LLC acquired a new position in Boeing during the second quarter worth $41,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost 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 $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

Boeing Trading Up 0.2%

Shares of BA opened at $217.29 on Wednesday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The firm has a 50-day moving average price of $222.62 and a 200 day moving average price of $208.85. The firm has a market capitalization of $164.30 billion, a P/E ratio of -13.16 and a beta of 1.47.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 company had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. During the same period in the prior year, the company earned ($2.90) earnings per share. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. Equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BA shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Sanford C. Bernstein upped their target price on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Jefferies Financial Group set a $255.00 target price on shares of Boeing in a report on Tuesday, September 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 target price on shares of Boeing in a report on Monday, September 29th. Finally, Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and upped their target price for the stock from $242.00 to $270.00 in a report on Monday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $240.20.

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.