V2 Financial group LLC Has $1.93 Million Stock Holdings in The Boeing Company $BA

V2 Financial group LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 40.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 9,231 shares of the aircraft producer’s stock after selling 6,276 shares during the period. Boeing accounts for about 1.2% of V2 Financial group LLC’s holdings, making the stock its 14th biggest position. V2 Financial group LLC’s holdings in Boeing were worth $1,934,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Asset Planning Inc. purchased a new stake in shares of Boeing during the second quarter worth $25,000. Piscataqua Savings Bank grew its stake in Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares in the last quarter. Monetary Management Group Inc. increased its position in Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after purchasing an additional 50 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in Boeing in the 2nd quarter worth about $34,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Boeing during the 2nd quarter worth about $35,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BNP Paribas Exane assumed coverage on Boeing in a report on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 price objective on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Boeing in a research note on Tuesday. UBS Group restated a “buy” rating on shares of Boeing in a report on Wednesday. BNP Paribas set a $150.00 price objective on shares of Boeing in a report on Tuesday, November 18th. Finally, Zacks Research raised shares of Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. 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 five have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $232.96.

Boeing Trading Up 1.8%

Shares of Boeing stock opened at $204.33 on Friday. The firm has a fifty day simple moving average of $202.82 and a 200-day simple moving average of $214.12. The stock has a market capitalization of $155.31 billion, a price-to-earnings ratio of -14.94 and a beta of 1.18. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69.

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

Insider Activity

In other Boeing news, SVP Dana S. Deasy acquired 554 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were acquired at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the purchase, the senior vice president owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible 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 sale, the executive vice president owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. The trade was 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.

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.