Legal Advantage Investments Inc. Has $3.87 Million Stake in The Boeing Company $BA

Legal Advantage Investments Inc. increased its stake in shares of The Boeing Company (NYSE:BA) by 9.6% during the second quarter, HoldingsChannel.com reports. The fund owned 18,470 shares of the aircraft producer’s stock after purchasing an additional 1,620 shares during the period. Boeing makes up 1.8% of Legal Advantage Investments Inc.’s holdings, making the stock its 21st largest position. Legal Advantage Investments Inc.’s holdings in Boeing were worth $3,870,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Piscataqua Savings Bank increased its holdings 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 valued at $30,000 after acquiring an additional 137 shares during the last quarter. Proathlete Wealth Management LLC acquired a new position in shares of Boeing during the 1st quarter valued at about $34,000. Monetary Management Group Inc. increased its holdings 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 valued at $34,000 after acquiring an additional 50 shares during the last quarter. Keener Financial Planning LLC acquired a new position in shares of Boeing during the 2nd quarter valued at about $41,000. Finally, Dogwood Wealth Management LLC increased its holdings in shares of Boeing by 30.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 240 shares of the aircraft producer’s stock valued at $52,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 2.3%

Shares of BA stock opened at $211.04 on Friday. The stock has a 50 day moving average of $224.29 and a two-hundred day moving average of $206.38. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The company has a market capitalization of $159.58 billion, a P/E ratio of -12.78 and a beta of 1.47.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BA. Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and increased their price objective for the company from $180.00 to $275.00 in a report on Friday, June 27th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a report on Monday, July 28th. Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 target price on the stock in a report on Friday, June 27th. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.91.

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the sale, the executive vice president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction on Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the transaction, 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 Company 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.