Investors Asset Management of Georgia Inc. GA ADV Raises Position in The Boeing Company $BA

Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of The Boeing Company (NYSE:BA) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,918 shares of the aircraft producer’s stock after buying an additional 96 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Boeing were worth $1,869,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Piscataqua Savings Bank grew its holdings in shares of Boeing by 1,712.5% during the second 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 purchased a new stake in Boeing during the 1st quarter valued at about $34,000. Monetary Management Group Inc. grew its stake in Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after acquiring an additional 50 shares in the last quarter. Columbia River Financial Group LLC acquired a new stake in Boeing in the 1st quarter valued at about $50,000. Finally, Iron Horse Wealth Management LLC lifted its stake in 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 purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds 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 that occurred 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 completion of the transaction, the executive vice president owned 35,873 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director 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. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. UBS Group set a $280.00 price target on Boeing and gave the company a “buy” rating in a research report on Wednesday, July 30th. 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 note on Wednesday, July 30th. 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 research report on Friday, June 27th. Finally, Susquehanna reissued a “positive” rating and issued a $270.00 price objective on shares of Boeing in a report on Monday, September 15th. Three equities research 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 stock. According to data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $233.91.

Boeing Price Performance

Shares of BA opened at $216.32 on Monday. The firm has a 50-day simple moving average of $225.06 and a two-hundred day simple moving average of $205.21. The stock has a market cap of $163.57 billion, a PE 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 issued its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate 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 in the prior year, the company posted ($2.90) EPS. The business’s revenue was up 34.9% on a year-over-year basis. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.