Stanley Laman Group Ltd. Has $4.93 Million Stake in The Boeing Company $BA

Stanley Laman Group Ltd. cut its stake in The Boeing Company (NYSE:BA) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,529 shares of the aircraft producer’s stock after selling 317 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Boeing were worth $4,930,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Curbstone Financial Management Corp bought a new stake in Boeing during the second quarter worth $489,000. Ariston Services Group boosted its holdings in Boeing by 36.7% during the 2nd quarter. Ariston Services Group now owns 2,508 shares of the aircraft producer’s stock worth $526,000 after acquiring an additional 673 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its stake in shares of Boeing by 1.2% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 398,746 shares of the aircraft producer’s stock worth $83,549,000 after acquiring an additional 4,881 shares in the last quarter. Easterly Investment Partners LLC purchased a new stake in shares of Boeing in the second quarter valued at about $1,275,000. Finally, Arista Wealth Management LLC bought a new position in shares of Boeing during the second quarter valued at about $226,000. Institutional investors own 64.82% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director 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 Securities & Exchange Commission, which is accessible through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction dated 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 approximately $8,248,637.62. This 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.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BA shares. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective for the company in a research report on Friday, June 27th. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and increased their price target for the company from $242.00 to $270.00 in a research report on Monday, September 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Finally, KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $240.20.

Boeing Stock Performance

Shares of Boeing stock opened at $213.09 on Friday. The stock has a market capitalization of $161.13 billion, a P/E ratio of -12.91 and a beta of 1.47. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The stock’s 50-day simple moving average is $223.10 and its 200 day simple moving average is $207.56.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share 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 analysts’ expectations of $20.13 billion. During the same period last year, the firm earned ($2.90) EPS. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. Equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal 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.