The Boeing Company $BA Shares Bought by Highland Capital Management LLC

Highland Capital Management LLC lifted its holdings in The Boeing Company (NYSE:BA) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,869 shares of the aircraft producer’s stock after purchasing an additional 774 shares during the period. Highland Capital Management LLC’s holdings in Boeing were worth $10,449,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Piscataqua Savings Bank grew its holdings in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 137 shares during the last quarter. Proathlete Wealth Management LLC purchased a new position in Boeing in the 1st quarter worth about $34,000. Monetary Management Group Inc. raised its holdings in Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after buying an additional 50 shares during the period. Dogwood Wealth Management LLC lifted its stake in Boeing by 30.4% during the second quarter. Dogwood Wealth Management LLC now owns 240 shares of the aircraft producer’s stock valued at $52,000 after buying an additional 56 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in shares of Boeing in the second quarter worth about $61,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of BA stock opened at $216.32 on Friday. The stock has a market cap of $163.57 billion, a PE ratio of -13.10 and a beta of 1.47. The stock has a 50-day moving average of $225.06 and a 200-day moving average of $204.98. 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 quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. The business’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the prior year, the company posted ($2.90) EPS. As a group, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Analysts Set New Price Targets

BA has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a report on Saturday, September 27th. JPMorgan Chase & Co. raised their target price on Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Barclays lifted their price target on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Citigroup reissued a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Finally, Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price on the stock in a research note on Friday, June 27th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $233.91.

Insiders Place Their Bets

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $867,103.74. Following the transaction, the executive vice president 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. 0.09% of the stock is owned by corporate insiders.

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.