Live Oak Private Wealth LLC Buys 407 Shares of The Boeing Company $BA

Live Oak Private Wealth LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,440 shares of the aircraft producer’s stock after acquiring an additional 407 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Boeing were worth $7,216,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Wallace Advisory Group LLC increased its holdings in shares of Boeing by 1.2% during the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after acquiring an additional 44 shares during the last quarter. Aspire Capital Advisors LLC increased its holdings in shares of Boeing by 0.8% during the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after acquiring an additional 45 shares during the last quarter. Lantz Financial LLC increased its holdings in shares of Boeing by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after acquiring an additional 46 shares during the last quarter. Atlas Brown Inc. increased its holdings in shares of Boeing by 0.7% during the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock worth $1,362,000 after acquiring an additional 48 shares during the last quarter. Finally, Moody National Bank Trust Division increased its holdings in shares of Boeing by 2.7% during the 2nd quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer’s stock worth $385,000 after acquiring an additional 48 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. KGI Securities raised Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Jefferies Financial Group set a $255.00 target price on Boeing in a report on Tuesday, September 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lowered Boeing from a “buy” rating to a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped 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. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average target price of $242.32.

Insider Buying and Selling at Boeing

In other news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction 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 sale, the executive vice president directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley bought 2,200 shares of Boeing stock in a transaction dated 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 completion of the acquisition, the director owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $213.77 on Thursday. The stock’s fifty day moving average price is $221.23 and its two-hundred day moving average price is $212.16. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The firm has a market cap of $161.64 billion, a price-to-earnings ratio of -12.95 and a beta of 1.47.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to analysts’ expectations of $21.61 billion. Boeing’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the company posted ($10.44) earnings per share. On average, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing 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.