The Boeing Company $BA Stock Holdings Lessened by Claro Advisors LLC

Claro Advisors LLC trimmed its stake in The Boeing Company (NYSE:BA) by 21.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,234 shares of the aircraft producer’s stock after selling 1,169 shares during the quarter. Claro Advisors LLC’s holdings in Boeing were worth $887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Harbor Asset Planning Inc. purchased a new stake in shares of Boeing in the second quarter worth approximately $25,000. Piscataqua Savings Bank lifted its position in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares in the last quarter. Monetary Management Group Inc. lifted its position in shares of Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after purchasing an additional 50 shares in the last quarter. IMG Wealth Management Inc. increased its holdings in Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after buying an additional 110 shares during the last quarter. Finally, Keener Financial Planning LLC acquired a new position in Boeing in the second quarter worth approximately $41,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Loop Capital set a $223.00 price objective on Boeing in a report on Monday. UBS Group restated a “buy” rating on shares of Boeing in a report on Thursday, October 30th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a report on Monday, September 29th. Finally, Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and increased their price objective for the stock 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 issued a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $241.80.

Boeing Stock Down 0.1%

Shares of BA stock opened at $197.76 on Thursday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The business’s 50 day moving average is $218.25 and its two-hundred day moving average is $213.61. The company has a market cap of $150.32 billion, a PE ratio of -14.46 and a beta of 1.44.

Boeing (NYSE:BA) last announced 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 business had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the previous year, the business posted ($10.44) EPS. The firm’s revenue was up 30.4% on a year-over-year basis. As a group, equities analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director owned 2,200 shares of the company’s stock, valued at $497,420. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.09% of the company’s stock.

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.