The Boeing Company $BA Shares Sold by Cromwell Holdings LLC

Cromwell Holdings LLC reduced its position in The Boeing Company (NYSE:BA) by 21.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,917 shares of the aircraft producer’s stock after selling 532 shares during the quarter. Cromwell Holdings LLC’s holdings in Boeing were worth $402,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vestcor Inc grew its stake in shares of Boeing by 9.0% during the 1st quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock worth $2,471,000 after purchasing an additional 1,195 shares during the period. National Pension Service grew its stake in Boeing by 19.6% in the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock valued at $227,365,000 after acquiring an additional 218,049 shares during the last quarter. Wynn Capital LLC acquired a new stake in Boeing in the 1st quarter valued at about $584,000. MFG Wealth Management Inc. acquired a new stake in Boeing in the 1st quarter valued at about $2,125,000. Finally, Kelman Lazarov Inc. acquired a new stake in Boeing in the 1st quarter valued at about $262,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BA shares. Redburn Atlantic upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and upped their target price for the company from $180.00 to $275.00 in a report on Friday, June 27th. JPMorgan Chase & Co. increased their price objective on shares of Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 price target on shares of Boeing in a report on Monday. Finally, Susquehanna reaffirmed a “positive” rating and issued a $270.00 price objective on shares of Boeing in a research report on Monday, September 15th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.91.

Boeing Stock Performance

BA opened at $217.12 on Friday. The business has a 50 day moving average price of $225.39 and a 200 day moving average price of $204.38. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The firm has a market cap of $164.18 billion, a P/E ratio of -13.15 and a beta of 1.47.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. During the same period in the prior year, the business posted ($2.90) EPS. The business’s revenue was up 34.9% on a year-over-year basis. As a group, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boeing news, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president directly owned 35,873 shares in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

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.