M3 Advisory Group LLC Makes New $250,000 Investment in The Boeing Company $BA

M3 Advisory Group LLC purchased a new position in The Boeing Company (NYSE:BA) in the 2nd quarter, Holdings Channel reports. The firm purchased 1,194 shares of the aircraft producer’s stock, valued at approximately $250,000.

Several other institutional investors also recently modified their holdings of BA. Piscataqua Savings Bank lifted its stake 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 acquiring an additional 137 shares during the period. Proathlete Wealth Management LLC purchased a new position in shares of Boeing during the first quarter valued at approximately $34,000. Monetary Management Group Inc. lifted its position in Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares during the period. Keener Financial Planning LLC purchased a new stake in Boeing in the second quarter worth approximately $41,000. Finally, Dogwood Wealth Management LLC grew its position in 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 purchasing an additional 56 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the firm’s stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the company’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 transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Boeing Price Performance

Shares of NYSE:BA opened at $211.04 on Monday. The Boeing Company has a 1-year low of $128.88 and a 1-year 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. The firm’s 50 day simple moving average is $224.29 and its two-hundred day simple moving average is $206.57.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the business posted ($2.90) earnings per share. Boeing’s quarterly revenue was up 34.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on BA. Jefferies Financial Group set a $255.00 price target on Boeing in a report on Tuesday, September 30th. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Susquehanna restated a “positive” rating and set a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. UBS Group set a $280.00 price target on shares of Boeing and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $233.91.

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.