Sterneck Capital Management LLC Has $737,000 Holdings in The Boeing Company $BA

Sterneck Capital Management LLC grew its stake in The Boeing Company (NYSE:BA) by 13.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,518 shares of the aircraft producer’s stock after purchasing an additional 415 shares during the period. Sterneck Capital Management LLC’s holdings in Boeing were worth $737,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BA. Tempus Wealth Planning LLC grew its position in Boeing by 4.8% during the second quarter. Tempus Wealth Planning LLC now owns 8,128 shares of the aircraft producer’s stock worth $1,703,000 after buying an additional 372 shares in the last quarter. TOWER TRUST & INVESTMENT Co raised its holdings in Boeing by 2.1% in the 2nd quarter. TOWER TRUST & INVESTMENT Co now owns 3,641 shares of the aircraft producer’s stock valued at $763,000 after acquiring an additional 74 shares in the last quarter. Independent Wealth Network Inc. lifted its position in shares of Boeing by 5.4% in the 2nd quarter. Independent Wealth Network Inc. now owns 5,124 shares of the aircraft producer’s stock worth $1,074,000 after acquiring an additional 263 shares during the period. Brown Lisle Cummings Inc. grew its holdings in shares of Boeing by 9.8% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 2,550 shares of the aircraft producer’s stock worth $534,000 after purchasing an additional 227 shares in the last quarter. Finally, West Branch Capital LLC increased its position in shares of Boeing by 300.0% during the second quarter. West Branch Capital LLC now owns 4,000 shares of the aircraft producer’s stock valued at $838,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 3.6%

Shares of BA stock opened at $221.28 on Friday. The company has a market capitalization of $167.32 billion, a P/E ratio of -13.40 and a beta of 1.48. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The firm has a 50-day moving average price of $226.53 and a 200 day moving average price of $203.15.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. The company’s revenue was up 34.9% on a year-over-year basis. During the same quarter last year, the company earned ($2.90) earnings per share. As a group, research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Analysts Set New Price Targets

BA has been the subject of several research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 target price on shares of Boeing in a research report on Wednesday, July 30th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a report on Monday, July 28th. Redburn Atlantic raised shares of Boeing from a “hold” rating to a “strong-buy” rating and upped their target price for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Bank of America raised their price target on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $230.77.

Insiders Place Their Bets

In other Boeing 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 value 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley bought 2,200 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 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.