The Boeing Company $BA Shares Sold by JB Capital LLC

JB Capital LLC lowered its holdings in shares of The Boeing Company (NYSE:BA) by 5.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,177 shares of the aircraft producer’s stock after selling 73 shares during the period. JB Capital LLC’s holdings in Boeing were worth $247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its position in Boeing by 4.7% during the 2nd quarter. Blue Trust Inc. now owns 8,715 shares of the aircraft producer’s stock worth $1,826,000 after buying an additional 390 shares during the last quarter. Fourpath Capital Management LLC boosted its position in shares of Boeing by 1.7% during the 2nd quarter. Fourpath Capital Management LLC now owns 8,260 shares of the aircraft producer’s stock worth $1,731,000 after purchasing an additional 140 shares in the last quarter. Cascade Investment Group Inc. purchased a new position in shares of Boeing in the 2nd quarter valued at about $210,000. Cyndeo Wealth Partners LLC acquired a new position in Boeing during the second quarter worth about $207,000. Finally, Brandywine Oak Private Wealth LLC boosted its stake in shares of Boeing by 3.6% during the 2nd quarter. Brandywine Oak Private Wealth LLC now owns 1,422 shares of the aircraft producer’s stock worth $298,000 after acquiring an additional 50 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of BA stock opened at $211.04 on Friday. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The company has a 50 day moving average price of $224.29 and a 200 day moving average price of $206.19. The firm has a market capitalization of $159.58 billion, a price-to-earnings ratio of -12.78 and a beta of 1.47.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. During the same period last year, the firm posted ($2.90) EPS. The firm’s revenue was up 34.9% on a year-over-year basis. As a group, equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Sanford C. Bernstein lifted their price objective on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a research report on Wednesday. Susquehanna restated a “positive” rating and set a $270.00 price objective on shares of Boeing in a research report on Monday, September 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of Boeing in a report on Monday, September 29th. Finally, Jefferies Financial Group set a $255.00 price target on Boeing in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.91.

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.