Chicago Partners Investment Group LLC Purchases 630 Shares of The Boeing Company $BA

Chicago Partners Investment Group LLC lifted its position in The Boeing Company (NYSE:BA) by 6.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 11,132 shares of the aircraft producer’s stock after buying an additional 630 shares during the period. Chicago Partners Investment Group LLC’s holdings in Boeing were worth $2,332,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BA. Harbor Asset Planning Inc. acquired a new stake in shares of Boeing in the 2nd quarter valued at about $25,000. Piscataqua Savings Bank raised its stake in shares of Boeing by 1,712.5% in 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 period. Monetary Management Group Inc. raised its stake in shares of 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 purchasing an additional 50 shares during the period. Keener Financial Planning LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at about $41,000. Finally, Dogwood Wealth Management LLC raised its stake in shares of Boeing by 30.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 240 shares of the aircraft producer’s stock valued at $52,000 after purchasing an additional 56 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE:BA opened at $213.09 on Monday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The company has a market capitalization of $161.13 billion, a P/E ratio of -12.91 and a beta of 1.47. The company has a 50-day simple moving average of $223.10 and a 200 day simple moving average of $208.23.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on BA. Royal Bank Of Canada reissued an “outperform” rating and issued a $250.00 price target on shares of Boeing in a research note on Monday, September 29th. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and raised their price objective for the company from $242.00 to $270.00 in a report on Monday, September 8th. JPMorgan Chase & Co. raised their price objective on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Bank of America raised their price objective on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $240.20.

Insider Activity

In other news, Director Mortimer J. Buckley bought 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired 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 of the company’s stock, valued at approximately $497,420. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the sale, the executive vice president owned 35,873 shares of the company’s stock, 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. Company insiders own 0.09% of the company’s stock.

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.