Realta Investment Advisors Sells 2,422 Shares of The Boeing Company $BA

Realta Investment Advisors reduced its stake in shares of The Boeing Company (NYSE:BA) by 70.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,018 shares of the aircraft producer’s stock after selling 2,422 shares during the period. Realta Investment Advisors’ holdings in Boeing were worth $213,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on BA. 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 research report on Wednesday, July 30th. UBS Group set a $280.00 price target on Boeing and gave the stock a “buy” rating in a report on Wednesday, July 30th. Bank of America boosted their price objective on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Rothschild & Co Redburn upgraded 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. Finally, Redburn Atlantic raised shares of Boeing from a “hold” rating to a “strong-buy” rating and boosted their target price for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.91.

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the sale, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price 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 in the company, valued at approximately $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by company insiders.

Boeing Trading Down 0.5%

BA opened at $216.32 on Monday. 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 Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The business’s fifty day simple moving average is $225.06 and its 200-day simple moving average is $205.21.

Boeing (NYSE:BA) last released its quarterly earnings data 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 company had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same period in the previous year, the business posted ($2.90) earnings per share. Boeing’s revenue for the quarter was up 34.9% compared to the same quarter last year. On average, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

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.