Apexium Financial LP Buys 71 Shares of The Boeing Company $BA

Apexium Financial LP lifted its stake in The Boeing Company (NYSE:BA) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,764 shares of the aircraft producer’s stock after purchasing an additional 71 shares during the period. Apexium Financial LP’s holdings in Boeing were worth $789,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Piscataqua Savings Bank boosted its position in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares during the last quarter. Proathlete Wealth Management LLC bought a new position in Boeing during the first quarter worth about $34,000. Monetary Management Group Inc. lifted its holdings 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 acquiring an additional 50 shares in the last quarter. Columbia River Financial Group LLC bought a new position in Boeing during the first quarter worth about $50,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in Boeing by 33.8% during the first quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer’s stock worth $51,000 after acquiring an additional 75 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BA. Citigroup reiterated a “buy” rating on shares of Boeing in a report on Monday, July 28th. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Bank of America boosted their price target on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Finally, Jefferies Financial Group set a $255.00 price target on Boeing in a report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average target price of $233.91.

Boeing Stock Performance

NYSE:BA opened at $216.32 on Friday. The stock’s 50-day simple moving average is $225.06 and its 200 day simple moving average is $204.76. The company has a market cap of $163.57 billion, a P/E ratio of -13.10 and a beta of 1.47. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69.

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 analyst estimates of $20.13 billion. The business’s revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($2.90) earnings per share. As a group, equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction on Tuesday, August 19th. The shares were acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.

Boeing Company 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.