Integrity Alliance LLC. Has $1.13 Million Stock Holdings in The Boeing Company $BA

Integrity Alliance LLC. trimmed its stake in The Boeing Company (NYSE:BA) by 28.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,372 shares of the aircraft producer’s stock after selling 2,123 shares during the quarter. Integrity Alliance LLC.’s holdings in Boeing were worth $1,126,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new stake in Boeing in the second quarter worth $25,000. Piscataqua Savings Bank grew 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 buying an additional 137 shares during the last quarter. Monetary Management Group Inc. grew 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 buying an additional 50 shares during the last quarter. IMG Wealth Management Inc. grew 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 buying an additional 110 shares during the last quarter. Finally, Keener Financial Planning LLC acquired a new position in shares of Boeing during the second quarter valued at about $41,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BA. Susquehanna reiterated a “positive” rating and set a $270.00 price objective on shares of Boeing in a report on Monday, September 15th. Zacks Research cut shares of Boeing from a “hold” rating to a “strong sell” rating in a report on Wednesday. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Finally, Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $242.79.

Boeing Price Performance

BA opened at $201.24 on Friday. The company’s 50-day moving average is $220.17 and its 200 day moving average is $212.37. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The firm has a market capitalization of $152.17 billion, a P/E ratio of -14.71 and a beta of 1.47.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the firm earned ($10.44) earnings per share. Boeing’s quarterly revenue was up 30.4% compared to the same quarter last year. On average, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of Boeing 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 sale, the executive vice president 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of the stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.09% of the company’s stock.

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.