IHT Wealth Management LLC Raises Stock Position in The Boeing Company $BA

IHT Wealth Management LLC grew its stake in The Boeing Company (NYSE:BA) by 9.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,272 shares of the aircraft producer’s stock after buying an additional 3,494 shares during the quarter. IHT Wealth Management LLC’s holdings in Boeing were worth $8,438,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new position in shares of Boeing during the 2nd quarter valued at approximately $378,459,000. Vanguard Group Inc. grew its position in Boeing by 1.7% during the second quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock valued at $13,991,022,000 after buying an additional 1,118,316 shares during the period. Amundi increased its holdings in Boeing by 75.5% in the second quarter. Amundi now owns 1,776,634 shares of the aircraft producer’s stock valued at $376,700,000 after buying an additional 764,236 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Boeing by 3,581.5% in the second quarter. Bessemer Group Inc. now owns 711,824 shares of the aircraft producer’s stock worth $149,149,000 after acquiring an additional 692,489 shares during the period. Finally, Rovida Advisors Inc. purchased a new stake in shares of Boeing during the 2nd quarter worth about $129,231,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Citigroup initiated coverage on Boeing in a research note on Thursday. They set a “buy” rating and a $265.00 target price for the company. BNP Paribas Exane began coverage on Boeing in a research report on Tuesday, November 18th. They set an “underperform” rating and a $150.00 target price on the stock. Loop Capital set a $223.00 price target on shares of Boeing in a research note on Monday, November 3rd. Finally, BNP Paribas set a $150.00 price objective on shares of Boeing in a research report on Tuesday, November 18th. Four analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $232.96.

Insider Buying and Selling

In other Boeing news, SVP Dana S. Deasy bought 554 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were acquired at an average cost of $178.88 per share, with a total value of $99,099.52. Following the purchase, the senior vice president directly owned 28,442 shares of the company’s stock, valued at $5,087,704.96. This trade represents a 1.99% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Shares of BA stock opened at $204.33 on Friday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The stock’s fifty day moving average is $202.82 and its two-hundred day moving average is $214.03. The firm has a market capitalization of $155.31 billion, a P/E ratio of -14.94 and a beta of 1.18.

Boeing (NYSE:BA) last issued its earnings results 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 firm had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. The firm’s revenue was up 30.4% on a year-over-year basis. During the same period last year, the business earned ($10.44) EPS. On average, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current 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.