Analyst IMS Investment Management Services Ltd. Raises Position in The Boeing Company $BA

Analyst IMS Investment Management Services Ltd. raised its stake in The Boeing Company (NYSE:BA) by 302.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,874 shares of the aircraft producer’s stock after purchasing an additional 4,413 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in Boeing were worth $1,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BA. Harbor Asset Planning Inc. purchased a new stake in shares of Boeing during the second quarter valued at approximately $25,000. Piscataqua Savings Bank increased its position 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 acquiring an additional 137 shares during the last quarter. Monetary Management Group Inc. increased its position 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 acquiring an additional 50 shares during the last quarter. IMG Wealth Management Inc. increased its position 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 acquiring 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 approximately $41,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

Boeing stock opened at $223.60 on Wednesday. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The business has a fifty day moving average price of $221.46 and a 200-day moving average price of $211.77. The firm has a market capitalization of $169.08 billion, a P/E ratio of -13.54 and a beta of 1.47.

Boeing (NYSE:BA) last posted 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 the consensus estimate of $20.13 billion. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period last year, the company earned ($2.90) earnings per share. Sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In other Boeing news, 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 bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This represents a 9.51% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research analyst reports. UBS Group set a $280.00 price target on Boeing and gave the company a “buy” rating in a research report on Wednesday, July 30th. Jefferies Financial Group set a $255.00 price target on Boeing in a research report on Tuesday, September 30th. Sanford C. Bernstein increased their price target on Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. 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 report on Wednesday, July 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus 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.