Redwood Wealth Management Group LLC Buys Shares of 1,136 The Boeing Company $BA

Redwood Wealth Management Group LLC bought a new stake in The Boeing Company (NYSE:BA) during the 2nd quarter, Holdings Channel reports. The fund bought 1,136 shares of the aircraft producer’s stock, valued at approximately $238,000.

Other hedge funds also recently modified their holdings of the company. Vestcor Inc grew its holdings in shares of Boeing by 9.0% during the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock worth $2,471,000 after buying an additional 1,195 shares in the last quarter. National Pension Service boosted its stake in shares of Boeing by 19.6% during the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock worth $227,365,000 after acquiring an additional 218,049 shares during the period. McElhenny Sheffield Capital Management LLC bought a new position in shares of Boeing during the 2nd quarter worth approximately $62,859,000. Kelman Lazarov Inc. bought a new position in shares of Boeing during the 1st quarter worth approximately $262,000. Finally, Vanguard Group Inc. grew its holdings in Boeing by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after buying an additional 1,212,327 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

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

Wall Street Analysts Forecast Growth

BA has been the topic of a number of research reports. Sanford C. Bernstein upped their price objective on Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. lowered their target price on Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday. Bank of America upped their target price on Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $242.79.

Boeing Price Performance

NYSE:BA opened at $201.24 on Friday. The business has a fifty day simple moving average of $220.17 and a two-hundred day simple moving average of $212.77. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The company has a market capitalization of $152.17 billion, a P/E ratio of -14.71 and a beta of 1.47.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($10.44) EPS. As a group, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current 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.