The Boeing Company $BA Holdings Trimmed by City State Bank

City State Bank lowered its position in shares of The Boeing Company (NYSE:BA) by 6.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,822 shares of the aircraft producer’s stock after selling 133 shares during the quarter. City State Bank’s holdings in Boeing were worth $382,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Harbor Asset Planning Inc. purchased a new stake in shares of Boeing during the second quarter valued at $25,000. Piscataqua Savings Bank lifted its holdings in shares of Boeing by 1,712.5% during the second 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. Monetary Management Group Inc. lifted its holdings in shares of Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares during the last quarter. IMG Wealth Management Inc. lifted its holdings in shares of Boeing by 159.4% during the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after purchasing an additional 110 shares during the last quarter. Finally, Keener Financial Planning LLC purchased a new stake in shares of Boeing during the second quarter valued at $41,000. Institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the firm’s 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 sale, the executive vice president directly owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of the business’s stock in a transaction dated 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 purchase, the director directly owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.09% of the stock is owned by company insiders.

Boeing Trading Up 1.5%

Shares of Boeing stock opened at $221.13 on Friday. The stock has a 50-day moving average price of $221.68 and a 200 day moving average price of $210.01. The company has a market cap of $167.21 billion, a P/E ratio of -13.39 and a beta of 1.47. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

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 the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. During the same period in the prior year, the company posted ($2.90) earnings per share. The company’s quarterly revenue was up 34.9% on a year-over-year basis. On average, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the subject of several analyst reports. Jefferies Financial Group set a $255.00 target price on Boeing in a report on Tuesday, September 30th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and upped their target price for the company from $180.00 to $275.00 in a report on Friday, June 27th. Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price for the company in a report on Friday, June 27th. Finally, JPMorgan Chase & Co. increased their price objective on Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $242.32.

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.