KWB Wealth Acquires 268 Shares of The Boeing Company $BA

KWB Wealth raised its position in shares of The Boeing Company (NYSE:BA) by 15.1% during the second quarter, HoldingsChannel reports. The fund owned 2,037 shares of the aircraft producer’s stock after acquiring an additional 268 shares during the quarter. KWB Wealth’s holdings in Boeing were worth $427,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Piscataqua Savings Bank raised its position in shares of Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 137 shares during the period. American National Bank & Trust lifted its holdings in shares of Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after purchasing an additional 128 shares during the last quarter. Proathlete Wealth Management LLC bought a new position in shares of Boeing in the first quarter valued at $34,000. Monetary Management Group Inc. grew its position in Boeing by 33.3% in the first 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. Finally, Columbia River Financial Group LLC acquired a new stake in shares of Boeing during the 1st quarter valued at about $50,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director owned 2,200 shares in the company, valued at $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 Price Performance

Shares of BA stock opened at $221.28 on Friday. The company’s fifty day moving average price is $226.53 and its 200-day moving average price is $203.15. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The company has a market capitalization of $167.32 billion, a price-to-earnings ratio of -13.40 and a beta of 1.48.

Boeing (NYSE:BA) last issued its earnings results 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 company had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. During the same period in the previous year, the business posted ($2.90) earnings per share. Boeing’s revenue was up 34.9% compared to the same quarter last year. Equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BA. Susquehanna restated a “positive” rating and set a $270.00 price objective on shares of Boeing in a research report on Monday, September 15th. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the company a “buy” rating in a report on Thursday, June 12th. Bank of America upped their target price on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. UBS Group set a $280.00 price target on shares of Boeing and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group boosted their target price on Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $230.77.

About Boeing

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.