Advisory Services Network LLC Acquires 3,614 Shares of The Boeing Company $BA

Advisory Services Network LLC raised its holdings in The Boeing Company (NYSE:BA) by 14.7% during the second quarter, HoldingsChannel reports. The firm owned 28,264 shares of the aircraft producer’s stock after acquiring an additional 3,614 shares during the quarter. Advisory Services Network LLC’s holdings in Boeing were worth $6,270,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. L1 Capital Pty Ltd bought a new stake in shares of Boeing during the 2nd quarter worth $84,000. Campbell Capital Management Inc. raised its stake in Boeing by 660.5% during the second quarter. Campbell Capital Management Inc. now owns 1,521 shares of the aircraft producer’s stock worth $319,000 after acquiring an additional 1,321 shares in the last quarter. Tactive Advisors LLC bought a new position in shares of Boeing in the second quarter worth about $571,000. Hershey Financial Advisers LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at approximately $1,372,000. Finally, SPG Advisors LLC bought a new stake in shares of Boeing during the 2nd quarter valued at approximately $221,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other Boeing news, SVP Dana S. Deasy bought 554 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the transaction, the senior vice president directly owned 28,442 shares in the company, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 14,656 shares in the company, valued at approximately $2,896,904.96. This trade 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 insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BA shares. Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research report on Thursday, October 30th. Zacks Research raised Boeing from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. UBS Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $232.96.

Boeing Stock Performance

NYSE:BA opened at $204.33 on Monday. 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 simple moving average of $202.82 and a two-hundred day simple moving average of $214.20. The company has a market capitalization of $155.31 billion, a PE ratio of -14.94 and a beta of 1.18.

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