1,076 Shares in The Boeing Company $BA Purchased by ACT Wealth Management LLC

ACT Wealth Management LLC bought a new position in The Boeing Company (NYSE:BA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,076 shares of the aircraft producer’s stock, valued at approximately $226,000.

Several other large investors also recently modified their holdings of BA. Atlas Brown Inc. boosted its holdings in Boeing by 0.7% in the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock worth $1,362,000 after buying an additional 48 shares during the period. Monetary Management Group Inc. lifted its stake in 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 purchasing an additional 50 shares in the last quarter. Anchor Investment Management LLC raised its position in shares of Boeing by 0.9% during the 1st 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 in the last quarter. Heritage Financial Services LLC raised its position in shares of Boeing by 4.2% during the 1st 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 in the last quarter. Finally, Wood Tarver Financial Group LLC raised its position in shares of Boeing by 14.3% during the 1st 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 in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of BA stock opened at $215.73 on Tuesday. The company has a market capitalization of $163.13 billion, a P/E ratio of -13.07 and a beta of 1.48. The company’s 50-day simple moving average is $228.71 and its two-hundred day simple moving average is $199.86. The Boeing Company has a one year low of $128.88 and a one year high of $242.69.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. Boeing’s quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.90) EPS. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of the company’s 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 purchase, the director owned 2,200 shares of the company’s stock, 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 currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on BA shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a report on Monday, July 14th. Redburn Atlantic upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and upped their price target for the company from $180.00 to $275.00 in a report on Friday, June 27th. Citigroup reiterated a “buy” rating on shares of Boeing in a report on Monday, July 28th. Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Finally, KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $230.77.

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.