Etesian Wealth Advisors Inc. Lowers Stock Position in The Boeing Company $BA

Etesian Wealth Advisors Inc. trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 5.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,134 shares of the aircraft producer’s stock after selling 183 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Boeing were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Piscataqua Savings Bank boosted its position in 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 purchased a new stake in Boeing during the 1st quarter worth $34,000. Monetary Management Group Inc. boosted its position 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 purchasing an additional 50 shares during the period. Dogwood Wealth Management LLC boosted its position in Boeing by 30.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 240 shares of the aircraft producer’s stock worth $52,000 after purchasing an additional 56 shares during the period. Finally, Hilltop National Bank purchased a new stake in Boeing during the 2nd quarter worth $61,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BA. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of Boeing in a research report on Monday, September 29th. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target for the company in a research report on Friday, June 27th. Susquehanna reissued a “positive” rating and issued a $270.00 price objective on shares of Boeing in a research report on Monday, September 15th. KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $233.91.

Insider Activity

In related news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction dated Friday, August 8th. The shares were 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 in the company, valued at $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director owned 2,200 shares of the company’s stock, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Shares of BA stock opened at $216.48 on Friday. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The company’s 50-day simple moving average is $224.51 and its 200-day simple moving average is $205.99. The stock has a market capitalization of $163.69 billion, a price-to-earnings ratio of -13.11 and a beta of 1.47.

Boeing (NYSE:BA) last issued its quarterly earnings results 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 analyst estimates of $20.13 billion. During the same quarter last year, the firm earned ($2.90) earnings per share. The business’s revenue was up 34.9% on a year-over-year basis. As a group, research analysts forecast 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.