Pinnacle Wealth Management Advisory Group LLC Purchases 566 Shares of The Boeing Company $BA

Pinnacle Wealth Management Advisory Group LLC increased its position in The Boeing Company (NYSE:BA) by 9.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,271 shares of the aircraft producer’s stock after buying an additional 566 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Boeing were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of BA. Wallace Advisory Group LLC increased its stake in shares of Boeing by 1.2% in the second 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 during the period. Aspire Capital Advisors LLC grew its holdings 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 buying an additional 45 shares during the last quarter. Lantz Financial LLC increased its position in Boeing by 1.5% in the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after buying an additional 46 shares during the period. Blue Barn Wealth LLC increased its position in Boeing by 1.8% in the 2nd 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 during the period. Finally, Atlas Brown Inc. lifted its holdings in shares of Boeing by 0.7% during the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock worth $1,362,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BA. Vertical Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and raised their price objective for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. JPMorgan Chase & Co. reduced their price target 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. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price objective on shares of Boeing in a report on Monday, September 29th. Susquehanna reiterated a “positive” rating and issued a $270.00 target price on shares of Boeing in a research note on Monday, September 15th. Finally, Loop Capital set a $223.00 target price on Boeing in a research report on Monday, November 3rd. 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, Boeing has an average rating of “Moderate Buy” and an average target price of $241.80.

Insider Activity at Boeing

In related news, Director Mortimer J. Buckley purchased 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director directly owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by company insiders.

Boeing Stock Down 1.1%

NYSE:BA opened at $194.40 on Friday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The firm has a market capitalization of $147.76 billion, a PE ratio of -14.21 and a beta of 1.44. The firm has a 50-day moving average price of $216.65 and a 200 day moving average price of $214.09.

Boeing (NYSE:BA) last released 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 business had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter last year, the firm earned ($10.44) earnings per share. The company’s quarterly revenue was up 30.4% on a year-over-year basis. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Boeing Company 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.