The Boeing Company $BA Shares Acquired by Nova Wealth Management Inc.

Nova Wealth Management Inc. grew its holdings in The Boeing Company (NYSE:BA) by 40.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 421 shares of the aircraft producer’s stock after purchasing an additional 121 shares during the quarter. Nova Wealth Management Inc.’s holdings in Boeing were worth $88,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Monetary Management Group Inc. grew its position in shares of Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares during the last quarter. Anchor Investment Management LLC lifted its stake in shares of Boeing by 0.9% during the first quarter. Anchor Investment Management LLC now owns 5,411 shares of the aircraft producer’s stock valued at $923,000 after buying an additional 50 shares during the period. Heritage Financial Services LLC lifted its stake in shares of Boeing by 4.2% during the first quarter. Heritage Financial Services LLC now owns 1,264 shares of the aircraft producer’s stock valued at $216,000 after buying an additional 51 shares during the period. Wood Tarver Financial Group LLC lifted its stake in shares of Boeing by 14.3% during the first quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer’s stock valued at $75,000 after buying an additional 55 shares during the period. Finally, Signature Wealth Management Partners LLC lifted its stake in shares of Boeing by 2.0% during the first quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer’s stock valued at $493,000 after buying an additional 57 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wells Fargo & Company reissued an “underweight” rating on shares of Boeing in a research note on Thursday, May 22nd. Bank of America upped their price objective on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. TD Securities downgraded shares of Boeing to a “cautious” rating in a research note on Thursday, May 22nd. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the company a “buy” rating in a research note on Thursday, June 12th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Boeing in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.77.

Insider Buying and Selling at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the sale, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Down 1.8%

Boeing stock opened at $216.12 on Monday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The firm has a fifty day moving average of $228.76 and a 200-day moving average of $199.57. The firm has a market capitalization of $163.42 billion, a P/E ratio of -13.09 and a beta of 1.48.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same period in the prior year, the firm earned ($2.90) earnings per share. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. On average, research analysts expect 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.