Account Management LLC Boosts Position in The Boeing Company $BA

Account Management LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 11.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,350 shares of the aircraft producer’s stock after buying an additional 250 shares during the quarter. Boeing accounts for about 0.5% of Account Management LLC’s portfolio, making the stock its 20th largest holding. Account Management LLC’s holdings in Boeing were worth $492,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Piscataqua Savings Bank grew its stake in shares of Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares during the period. Proathlete Wealth Management LLC acquired a new stake in shares of Boeing during the 1st quarter worth approximately $34,000. Monetary Management Group Inc. grew its stake in shares of 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 purchasing an additional 50 shares during the period. Columbia River Financial Group LLC acquired a new stake in shares of Boeing during the 1st quarter worth approximately $50,000. Finally, Iron Horse Wealth Management LLC grew its stake in shares of Boeing by 33.8% during 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 during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director directly owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing 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 directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Boeing stock opened at $225.26 on Thursday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The company’s fifty day moving average price is $224.61 and its 200 day moving average price is $205.75. The stock has a market capitalization of $170.33 billion, a P/E ratio of -13.64 and a beta of 1.47.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same quarter in the previous year, the business posted ($2.90) earnings per share. The firm’s revenue was up 34.9% compared to the same quarter last year. Sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Analyst Ratings Changes

BA has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Bank of America raised their price objective on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. UBS Group set a $280.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Wednesday, July 30th. KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Finally, Jefferies Financial Group set a $255.00 price target on shares of Boeing in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $233.91.

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.