Global Wealth Management Investment Advisory Inc. Purchases New Stake in The Boeing Company $BA

Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of The Boeing Company (NYSE:BA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,682 shares of the aircraft producer’s stock, valued at approximately $352,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Harbor Asset Planning Inc. purchased a new stake in shares of Boeing in the 2nd quarter worth about $25,000. Piscataqua Savings Bank lifted its holdings 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 buying an additional 137 shares during the period. Monetary Management Group Inc. raised its position in shares of Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after acquiring an additional 50 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Boeing in the 2nd quarter valued at approximately $35,000. Finally, IMG Wealth Management Inc. boosted its position in shares of 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. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other Boeing news, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director directly owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Jefferies Financial Group set a $255.00 price target on shares of Boeing in a research note on Tuesday, September 30th. KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft cut shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a report on Thursday, October 30th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Three 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $241.80.

Boeing Price Performance

NYSE BA opened at $194.40 on Monday. The stock has a market capitalization of $147.76 billion, a price-to-earnings ratio of -14.21 and a beta of 1.44. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The business’s fifty day moving average price is $216.65 and its 200-day moving average price is $214.38.

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 the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($10.44) EPS. Equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current 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.