Keudell Morrison Wealth Management Sells 113 Shares of The Boeing Company $BA

Keudell Morrison Wealth Management lowered its holdings in shares of The Boeing Company (NYSE:BA) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,512 shares of the aircraft producer’s stock after selling 113 shares during the period. Keudell Morrison Wealth Management’s holdings in Boeing were worth $736,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BA. Kingstone Capital Partners Texas LLC bought a new position in shares of Boeing during the 2nd quarter valued at $378,459,000. Vanguard Group Inc. grew its holdings in shares of Boeing by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after purchasing an additional 1,212,327 shares during the last quarter. Strs Ohio bought a new position in shares of Boeing during the 1st quarter valued at $98,984,000. Canada Pension Plan Investment Board grew its holdings in Boeing by 243.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock worth $128,689,000 after acquiring an additional 535,060 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Boeing by 38.4% in the 1st quarter. Deutsche Bank AG now owns 1,805,186 shares of the aircraft producer’s stock worth $307,874,000 after acquiring an additional 501,161 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated 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 transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the transaction, 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 disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of a number of recent analyst reports. UBS Group set a $280.00 price target on shares of Boeing and gave the stock a “buy” rating in a report on Wednesday, July 30th. Bank of America raised their price target on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised their price target on shares of Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Sanford C. Bernstein raised their price target on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target on the stock in a report on Friday, June 27th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.91.

Boeing Trading Down 0.5%

Shares of BA opened at $216.32 on Friday. The firm’s 50-day moving average price is $225.06 and its 200-day moving average price is $204.98. The firm has a market capitalization of $163.57 billion, a price-to-earnings ratio of -13.10 and a beta of 1.47. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69.

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