The Boeing Company (NYSE:BA) Shares Acquired by LifePro Asset Management

LifePro Asset Management lifted its position in shares of The Boeing Company (NYSE:BA) by 5.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,244 shares of the aircraft producer’s stock after purchasing an additional 179 shares during the quarter. LifePro Asset Management’s holdings in Boeing were worth $685,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sterling Investment Advisors Ltd. lifted its position in shares of Boeing by 12.6% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,791 shares of the aircraft producer’s stock valued at $380,000 after buying an additional 200 shares in the last quarter. Investment Management of Virginia LLC purchased a new position in shares of Boeing during the 1st quarter valued at approximately $216,000. FNY Investment Advisers LLC purchased a new position in shares of Boeing during the 2nd quarter valued at approximately $131,000. Aureus Asset Management LLC purchased a new position in shares of Boeing during the 4th quarter valued at approximately $2,690,000. Finally, Trust Co. of Vermont lifted its position in shares of Boeing by 7.6% during the 1st quarter. Trust Co. of Vermont now owns 3,844 shares of the aircraft producer’s stock valued at $817,000 after buying an additional 272 shares in the last quarter. Institutional investors and hedge funds own 61.33% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA traded down $1.85 during midday trading on Monday, reaching $206.26. 413,783 shares of the company’s stock were exchanged, compared to its average volume of 5,618,902. The firm’s 50 day simple moving average is $223.54 and its two-hundred day simple moving average is $213.09. The stock has a market cap of $124.08 billion, a price-to-earnings ratio of -27.79 and a beta of 1.43. The Boeing Company has a fifty-two week low of $120.99 and a fifty-two week high of $243.10.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported ($0.82) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.17. The business had revenue of $19.75 billion for the quarter, compared to analyst estimates of $18.59 billion. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.37) earnings per share. Equities research analysts predict that The Boeing Company will post -2.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BA shares. Jefferies Financial Group increased their target price on Boeing from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, July 31st. TheStreet upgraded Boeing from a “d+” rating to a “c-” rating in a report on Tuesday, August 15th. Morgan Stanley raised their price objective on Boeing from $220.00 to $235.00 in a report on Thursday, July 27th. JPMorgan Chase & Co. raised their price objective on Boeing from $225.00 to $245.00 in a report on Thursday, July 27th. Finally, Wells Fargo & Company raised their price objective on Boeing from $250.00 to $270.00 in a report on Tuesday, August 8th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.13.

Insider Buying and Selling at Boeing

In other Boeing news, CEO Theodore Colbert III sold 8,500 shares of Boeing stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $238.37, for a total value of $2,026,145.00. Following the completion of the transaction, the chief executive officer now directly owns 59,255 shares of the company’s stock, valued at approximately $14,124,614.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Steven M. Mollenkopf bought 850 shares of the company’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $237.00 per share, with a total value of $201,450.00. Following the transaction, the director now directly owns 3,767 shares in the company, valued at approximately $892,779. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Theodore Colbert III sold 8,500 shares of Boeing stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $238.37, for a total value of $2,026,145.00. Following the completion of the transaction, the chief executive officer now owns 59,255 shares of the company’s stock, valued at approximately $14,124,614.35. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.