6,548 Shares in The Boeing Company $BA Acquired by Hershey Financial Advisers LLC

Hershey Financial Advisers LLC acquired a new position in shares of The Boeing Company (NYSE:BA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,548 shares of the aircraft producer’s stock, valued at approximately $1,372,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Asset Planning Inc. purchased a new stake in shares of Boeing in the second quarter valued at about $25,000. Piscataqua Savings Bank boosted its holdings in Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares during the last quarter. Monetary Management Group Inc. grew its stake 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 valued at $34,000 after buying an additional 50 shares during the period. Howard Hughes Medical Institute acquired a new stake in shares of Boeing during the 2nd quarter worth approximately $34,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Boeing during the 2nd quarter valued at approximately $35,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Boeing

In other news, SVP Dana S. Deasy bought 554 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the purchase, the senior vice president owned 28,442 shares in the company, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the sale, the executive vice president owned 14,656 shares in the company, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Jefferies Financial Group set a $255.00 target price on Boeing in a research note on Tuesday, September 30th. Citigroup assumed coverage on Boeing in a research report on Thursday. They set a “buy” rating and a $265.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. Susquehanna lowered their target price on shares of Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a research note on Wednesday, November 12th. Finally, New Street Research set a $257.00 price target on shares of Boeing in a research note on Tuesday. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $232.96.

Boeing Stock Performance

Shares of BA stock opened at $204.33 on Friday. The stock has a market capitalization of $155.31 billion, a P/E ratio of -14.94 and a beta of 1.18. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The company has a 50 day moving average price of $202.82 and a 200 day moving average price of $214.12.

Boeing (NYSE:BA) last posted 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 for the quarter, compared to analyst estimates of $21.61 billion. During the same period last year, the business posted ($10.44) EPS. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal 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.