Three Cord True Wealth Management LLC Buys Shares of 972 The Boeing Company $BA

Three Cord True Wealth Management LLC bought a new stake in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 972 shares of the aircraft producer’s stock, valued at approximately $204,000. Boeing makes up 0.4% of Three Cord True Wealth Management LLC’s portfolio, making the stock its 16th largest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. Piscataqua Savings Bank raised its stake 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 buying an additional 137 shares in the last quarter. Proathlete Wealth Management LLC bought a new stake in shares of Boeing in the 1st quarter worth $34,000. Monetary Management Group Inc. raised its stake in shares of 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 buying an additional 50 shares in the last quarter. Columbia River Financial Group LLC bought a new stake in shares of Boeing in the 1st quarter worth $50,000. Finally, Iron Horse Wealth Management LLC raised its stake in shares of Boeing by 33.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer’s stock worth $51,000 after buying an additional 75 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.5%

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

Boeing (NYSE:BA) last issued its quarterly 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 during the quarter, compared to analyst estimates of $20.13 billion. During the same quarter last year, the company earned ($2.90) EPS. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insiders Place Their Bets

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction dated 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 in the company, valued at $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mortimer J. Buckley bought 2,200 shares of the stock in a transaction on Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director directly owned 2,200 shares of the company’s stock, valued at approximately $497,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research note on Saturday, September 27th. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the stock a “buy” rating in a research note on Thursday, June 12th. Barclays boosted their price objective on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Citigroup restated a “buy” rating on shares of Boeing in a report on Monday, July 28th. Finally, Bank of America lifted their target price on Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $233.91.

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.