63,224 Shares in The Boeing Company $BA Purchased by Compass Capital Management Inc.

Compass Capital Management Inc. bought a new stake in The Boeing Company (NYSE:BA) in the second quarter, Holdings Channel reports. The fund bought 63,224 shares of the aircraft producer’s stock, valued at approximately $13,247,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Harbor Asset Planning Inc. bought a new position in shares of Boeing in the second quarter valued at approximately $25,000. Piscataqua Savings Bank lifted its position in 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 during the period. Decker Retirement Planning Inc. bought a new position in Boeing during the 2nd quarter valued at $35,000. IMG Wealth Management Inc. increased its position in shares of Boeing by 159.4% during the 2nd 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 during the period. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Boeing during the 2nd quarter valued at $39,000. 64.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Jefferies Financial Group set a $255.00 price objective on Boeing in a report on Tuesday, September 30th. Susquehanna reiterated a “positive” rating and issued a $270.00 price target on shares of Boeing in a research report on Monday, September 15th. Citigroup restated a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price for the company. in a research note on Thursday, October 30th. Three equities research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.80.

Boeing Price Performance

BA stock opened at $194.40 on Monday. The firm has a market capitalization of $147.76 billion, a P/E ratio of -14.21 and a beta of 1.44. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The company’s 50 day simple moving average is $216.65 and its 200-day simple moving average is $214.38.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter last year, the firm posted ($10.44) EPS. The business’s quarterly revenue was up 30.4% on a year-over-year basis. Sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.