The Boeing Company $BA Shares Purchased by Gables Capital Management Inc.

Gables Capital Management Inc. lifted its holdings in The Boeing Company (NYSE:BA) by 3.2% in the second quarter, Holdings Channel reports. The firm owned 11,003 shares of the aircraft producer’s stock after buying an additional 340 shares during the period. Boeing comprises about 1.1% of Gables Capital Management Inc.’s portfolio, making the stock its 26th largest position. Gables Capital Management Inc.’s holdings in Boeing were worth $2,305,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Wallace Advisory Group LLC boosted its position in shares of Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after purchasing an additional 44 shares in the last quarter. IMG Wealth Management Inc. boosted its position in shares of Boeing by 159.4% in the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after purchasing an additional 110 shares in the last quarter. Syntegra Private Wealth Group LLC boosted its position in shares of Boeing by 1.2% in the 2nd quarter. Syntegra Private Wealth Group LLC now owns 7,455 shares of the aircraft producer’s stock worth $1,562,000 after purchasing an additional 85 shares in the last quarter. VCI Wealth Management LLC boosted its position in shares of Boeing by 12.2% in the 2nd quarter. VCI Wealth Management LLC now owns 4,713 shares of the aircraft producer’s stock worth $988,000 after purchasing an additional 514 shares in the last quarter. Finally, Klingman & Associates LLC acquired a new stake in shares of Boeing in the 2nd quarter worth $235,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA opened at $217.29 on Wednesday. The stock has a 50-day simple moving average of $222.62 and a two-hundred day simple moving average 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. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

Boeing (NYSE:BA) last released its quarterly earnings data 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 business had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. The business’s revenue was up 34.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.90) EPS. As a group, analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated 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 transaction, the executive vice president 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director directly owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup restated a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. UBS Group set a $280.00 target price on Boeing and gave the stock a “buy” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. raised their target price on Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 target price 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, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $240.20.

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.