The Boeing Company $BA Stake Lessened by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lessened its holdings in The Boeing Company (NYSE:BA) by 55.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,868 shares of the aircraft producer’s stock after selling 3,564 shares during the period. Crestwood Advisors Group LLC’s holdings in Boeing were worth $601,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Harbor Asset Planning Inc. purchased a new position in Boeing during the 2nd quarter valued at about $25,000. Piscataqua Savings Bank boosted its holdings in shares of Boeing by 1,712.5% during 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 during the period. IMG Wealth Management Inc. grew its position in Boeing by 159.4% during the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after purchasing an additional 110 shares in the last quarter. Monetary Management Group Inc. grew its position in Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares in the last quarter. Finally, Keener Financial Planning LLC acquired a new position in Boeing in the 2nd quarter valued at approximately $41,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Boeing

In other news, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the purchase, the director owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by corporate insiders.

Boeing Price Performance

Shares of NYSE:BA opened at $196.65 on Friday. The stock has a market capitalization of $149.47 billion, a P/E ratio of -14.38 and a beta of 1.44. The business has a 50-day moving average of $217.46 and a two-hundred day moving average of $213.49. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 analyst estimates of $21.61 billion. During the same quarter last year, the firm earned ($10.44) earnings per share. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. As a group, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Barclays lifted their price objective on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Bank of America upped their target price on Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and raised their price target for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. Finally, KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $241.80.

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.