Bryn Mawr Trust Advisors LLC Acquires 2,868 Shares of The Boeing Company $BA

Bryn Mawr Trust Advisors LLC increased its holdings in The Boeing Company (NYSE:BA) by 115.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,348 shares of the aircraft producer’s stock after acquiring an additional 2,868 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Boeing were worth $1,121,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Harbor Asset Planning Inc. bought a new position in shares of Boeing in the second quarter valued at approximately $25,000. Piscataqua Savings Bank raised its position in Boeing by 1,712.5% in the 2nd 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. lifted its stake in Boeing by 33.3% during the 1st 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 in the last quarter. IMG Wealth Management Inc. lifted its stake in Boeing by 159.4% during the 2nd 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 in the last quarter. Finally, Keener Financial Planning LLC purchased a new position in Boeing during the 2nd quarter worth $41,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on BA. Vertical Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and increased their target price for the company from $242.00 to $270.00 in a report on Monday, September 8th. Bank of America upped their price objective on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Susquehanna reiterated a “positive” rating and issued a $270.00 price objective on shares of Boeing in a research note on Monday, September 15th. Loop Capital set a $223.00 target price on shares of Boeing in a research report on Monday. Finally, Jefferies Financial Group set a $255.00 target price on Boeing in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $241.80.

Insider Transactions at Boeing

In other news, Director Mortimer J. Buckley bought 2,200 shares of the firm’s stock in a transaction on 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 directly owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Performance

Shares of BA stock opened at $194.40 on Friday. The firm has a market cap of $147.76 billion, a price-to-earnings ratio of -14.21 and a beta of 1.44. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The firm’s 50-day simple moving average is $216.65 and its two-hundred day simple moving average is $213.74.

Boeing (NYSE:BA) last released its 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 firm had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the prior year, the company earned ($10.44) earnings per share. Analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

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.