Wilmington Savings Fund Society FSB Buys 191 Shares of The Boeing Company $BA

Wilmington Savings Fund Society FSB increased its stake in shares of The Boeing Company (NYSE:BA) by 1.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 19,123 shares of the aircraft producer’s stock after purchasing an additional 191 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Boeing were worth $4,007,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Piscataqua Savings Bank increased its position 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 purchasing an additional 137 shares during the last quarter. Proathlete Wealth Management LLC bought a new position in Boeing in the 1st quarter valued at $34,000. Monetary Management Group Inc. grew its position in Boeing by 33.3% in 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 bought a new position in Boeing in the 2nd quarter valued at $41,000. Finally, Columbia River Financial Group LLC bought a new position in Boeing in the 1st quarter valued at $50,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $214.31 on Wednesday. The stock has a market capitalization of $162.05 billion, a P/E ratio of -12.98 and a beta of 1.47. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The business has a fifty day moving average price of $223.95 and a 200 day moving average price of $206.92.

Boeing (NYSE:BA) last released its quarterly earnings results 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 previous year, the business posted ($2.90) EPS. The business’s revenue was up 34.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. Bank of America upped their price objective on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Finally, UBS Group set a $280.00 price objective on Boeing and gave the company a “buy” rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $240.20.

Insider Activity

In related news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is owned by company insiders.

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.