Compton Financial Group LLC Invests $243,000 in The Boeing Company $BA

Compton Financial Group LLC acquired a new position in The Boeing Company (NYSE:BA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,160 shares of the aircraft producer’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BA. Revolve Wealth Partners LLC purchased a new position in Boeing in the 4th quarter worth about $201,000. Rossby Financial LCC bought a new stake in shares of Boeing in the first quarter valued at approximately $53,000. Silver Oak Securities Incorporated increased its stake in Boeing by 6.6% during the first quarter. Silver Oak Securities Incorporated now owns 3,244 shares of the aircraft producer’s stock valued at $562,000 after acquiring an additional 201 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Boeing by 995.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 515 shares of the aircraft producer’s stock valued at $88,000 after acquiring an additional 468 shares in the last quarter. Finally, Brookstone Capital Management grew its holdings in shares of Boeing by 185.4% in the 1st quarter. Brookstone Capital Management now owns 30,227 shares of the aircraft producer’s stock worth $5,155,000 after purchasing an additional 19,635 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Boeing

In other news, 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 in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mortimer J. Buckley bought 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price 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 $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 0.09% of the stock is owned by insiders.

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. Susquehanna reissued a “positive” rating and set a $270.00 price objective on shares of Boeing in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research note on Thursday. Sanford C. Bernstein boosted their price target on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $242.79.

Boeing Stock Performance

NYSE:BA opened at $201.24 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 cap of $152.96 billion, a PE ratio of -14.71 and a beta of 1.47. The stock has a 50-day simple moving average of $220.17 and a 200 day simple moving average of $213.16.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($10.44) EPS. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share 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.