The Boeing Company $BA Shares Sold by MFG Wealth Management Inc.

MFG Wealth Management Inc. lessened its position in shares of The Boeing Company (NYSE:BA) by 38.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,212 shares of the aircraft producer’s stock after selling 5,766 shares during the quarter. MFG Wealth Management Inc.’s holdings in Boeing were worth $1,988,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Boeing

In related news, SVP Dana S. Deasy purchased 554 shares of the stock in a transaction dated Monday, November 24th. The shares were acquired at an average cost of $178.88 per share, with a total value of $99,099.52. Following the purchase, the senior vice president directly owned 28,442 shares in the company, valued at $5,087,704.96. This trade represents a 1.99% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at $2,896,904.96. This represents a 8.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.09% of the stock is currently owned by insiders.

Boeing Trading Up 0.9%

Shares of BA stock opened at $208.11 on Friday. The stock has a 50 day simple moving average of $201.69 and a 200-day simple moving average of $214.09. The company has a market cap of $158.18 billion, a price-to-earnings ratio of -15.21 and a beta of 1.18. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69.

Boeing (NYSE:BA) last posted 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 during the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the previous year, the business posted ($10.44) EPS. Boeing’s quarterly revenue was up 30.4% on a year-over-year basis. On average, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. BNP Paribas Exane started coverage on Boeing in a research report on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 price target on the stock. New Street Research set a $257.00 price objective on Boeing in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Finally, Vertical Research raised Boeing from a “hold” rating to a “buy” rating and boosted their target price for the company from $242.00 to $270.00 in a report on Monday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.96.

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.