North Star Asset Management Inc. Has $3.97 Million Stake in The Boeing Company $BA

North Star Asset Management Inc. reduced its stake in The Boeing Company (NYSE:BA) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,941 shares of the aircraft producer’s stock after selling 321 shares during the period. North Star Asset Management Inc.’s holdings in Boeing were worth $3,969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BA. Wallace Advisory Group LLC grew its holdings in shares of Boeing by 1.2% during the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after purchasing an additional 44 shares in the last quarter. Aspire Capital Advisors LLC lifted its position in Boeing by 0.8% during the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after purchasing an additional 45 shares during the period. Lantz Financial LLC lifted its position in Boeing by 1.5% during the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after purchasing an additional 46 shares during the period. Blue Barn Wealth LLC grew its stake in Boeing by 1.8% during the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock worth $544,000 after buying an additional 46 shares in the last quarter. Finally, Atlas Brown Inc. increased its holdings in Boeing by 0.7% in the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after buying an additional 48 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.3%

NYSE BA opened at $179.07 on Tuesday. The company has a market cap of $136.11 billion, a price-to-earnings ratio of -13.09 and a beta of 1.44. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The business’s fifty day moving average is $208.16 and its 200 day moving average is $214.81.

Boeing (NYSE:BA) last posted its 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 business 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 company earned ($10.44) EPS. The company’s revenue was up 30.4% on a year-over-year basis. On average, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the transaction, the executive vice president owned 14,656 shares in the company, valued at $2,896,904.96. This trade represents a 8.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of Boeing in a report on Monday, September 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. BNP Paribas Exane began coverage on Boeing in a research note on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 price target on the stock. Barclays upped their price objective on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $267.00 price objective on shares of Boeing in a research note on Friday, November 14th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $232.09.

About Boeing

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.