The Boeing Company $BA Holdings Decreased by Kelman Lazarov Inc.

Kelman Lazarov Inc. trimmed its position in The Boeing Company (NYSE:BA) by 15.8% in the second quarter, Holdings Channel.com reports. The fund owned 1,292 shares of the aircraft producer’s stock after selling 242 shares during the period. Kelman Lazarov Inc.’s holdings in Boeing were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Harbor Asset Planning Inc. bought a new position in Boeing during the 2nd quarter worth $25,000. Piscataqua Savings Bank grew 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 worth $30,000 after buying an additional 137 shares during the last quarter. Monetary Management Group Inc. grew its stake 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 buying an additional 50 shares during the last quarter. Keener Financial Planning LLC bought a new position in Boeing during the 2nd quarter worth $41,000. Finally, Columbia River Financial Group LLC bought a new position in Boeing during the 1st quarter worth $50,000. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. UBS Group set a $280.00 price objective on Boeing and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Susquehanna reiterated a “positive” rating and set a $270.00 price target on shares of Boeing in a research report on Monday, September 15th. Barclays boosted their price target on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. Finally, Citigroup reiterated a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.20.

Boeing Stock Up 0.6%

Shares of Boeing stock opened at $213.09 on Friday. The firm has a market cap of $161.13 billion, a price-to-earnings ratio of -12.91 and a beta of 1.47. The business has a fifty day simple moving average of $223.10 and a 200-day simple moving average of $207.83. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $20.13 billion. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same period last year, the business posted ($2.90) EPS. Analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In other news, Director Mortimer J. Buckley acquired 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, the director directly owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction 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 sale, the executive vice president directly owned 35,873 shares in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

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.