The Boeing Company $BA Shares Acquired by Elyxium Wealth LLC

Elyxium Wealth LLC increased its stake in The Boeing Company (NYSE:BA) by 12.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,059 shares of the aircraft producer’s stock after purchasing an additional 344 shares during the quarter. Elyxium Wealth LLC’s holdings in Boeing were worth $641,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new stake in Boeing during the 4th quarter valued at approximately $201,000. Capital Investment Advisory Services LLC boosted its position in Boeing by 2.3% during the 1st quarter. Capital Investment Advisory Services LLC now owns 4,063 shares of the aircraft producer’s stock worth $693,000 after acquiring an additional 92 shares during the period. Cloud Capital Management LLC acquired a new stake in Boeing during the first quarter valued at approximately $85,000. Capital Advisors Inc. OK acquired a new stake in Boeing during the first quarter valued at approximately $202,000. Finally, Callan Capital LLC raised its position in shares of Boeing by 3.3% during the first quarter. Callan Capital LLC now owns 2,263 shares of the aircraft producer’s stock worth $386,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of a number of recent analyst reports. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Zacks Research lowered Boeing from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft downgraded Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a research report on Thursday. Loop Capital set a $223.00 price objective on Boeing in a report on Monday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $241.80.

Insider Buying and Selling

In other news, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the transaction, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA opened at $204.88 on Tuesday. The stock has a 50 day moving average price of $219.74 and a 200 day moving average price of $213.47. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The stock has a market capitalization of $155.73 billion, a PE ratio of -14.98 and a beta of 1.47.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the previous year, the business earned ($10.44) earnings per share. The business’s revenue was up 30.4% on a year-over-year basis. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

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.