The Boeing Company $BA Shares Acquired by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 13.0% during the 2nd quarter, Holdings Channel reports. The fund owned 16,387 shares of the aircraft producer’s stock after purchasing an additional 1,886 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Boeing were worth $3,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Atlas Brown Inc. boosted its position in shares of Boeing by 0.7% during the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after acquiring an additional 48 shares during the last quarter. Monetary Management Group Inc. raised its stake in Boeing by 33.3% during the first 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 period. Anchor Investment Management LLC raised its stake in Boeing by 0.9% during the first quarter. Anchor Investment Management LLC now owns 5,411 shares of the aircraft producer’s stock worth $923,000 after purchasing an additional 50 shares during the period. Heritage Financial Services LLC grew its stake in shares of Boeing by 4.2% in the 1st quarter. Heritage Financial Services LLC now owns 1,264 shares of the aircraft producer’s stock valued at $216,000 after buying an additional 51 shares during the period. Finally, Wood Tarver Financial Group LLC grew its stake in shares of Boeing by 14.3% in the 1st quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer’s stock valued at $75,000 after buying an additional 55 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Boeing

In other news, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of $226.10 per share, with a total value of $497,420.00. Following the transaction, the director owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction on 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 $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on BA shares. Wells Fargo & Company reiterated an “underweight” rating on shares of Boeing in a report on Thursday, May 22nd. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and lifted their target price for the company from $242.00 to $270.00 in a research report on Monday, September 8th. UBS Group set a $280.00 price target on Boeing and gave the stock a “buy” rating in a report on Wednesday, July 30th. Jefferies Financial Group boosted their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a research report on Monday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $230.77.

Boeing Stock Down 0.1%

NYSE:BA opened at $214.73 on Thursday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The company has a fifty day simple moving average of $228.40 and a two-hundred day simple moving average of $200.07. The company has a market cap of $162.37 billion, a price-to-earnings ratio of -13.01 and a beta of 1.48.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. During the same period in the previous year, the business posted ($2.90) EPS. The company’s revenue for the quarter was up 34.9% compared to the same quarter last year. On average, analysts expect that The Boeing Company will post -2.58 EPS 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.