Investors Asset Management of Georgia Inc. GA ADV Raises Stock Holdings in The Boeing Company $BA

Investors Asset Management of Georgia Inc. GA ADV raised its stake in The Boeing Company (NYSE:BA) by 1.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,918 shares of the aircraft producer’s stock after purchasing an additional 96 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Boeing were worth $1,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Piscataqua Savings Bank increased its position in shares of Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares in the last quarter. Proathlete Wealth Management LLC purchased a new position in Boeing during the 1st quarter worth $34,000. Monetary Management Group Inc. grew its stake in Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after buying an additional 50 shares during the last quarter. Columbia River Financial Group LLC acquired a new position in Boeing during the 1st quarter valued at about $50,000. Finally, Iron Horse Wealth Management LLC raised its stake in Boeing by 33.8% in the first quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer’s stock valued at $51,000 after buying an additional 75 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Down 0.5%

Shares of BA stock opened at $216.32 on Monday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The stock has a market cap of $163.57 billion, a P/E ratio of -13.10 and a beta of 1.47. The stock has a 50 day moving average of $225.06 and a 200 day moving average of $205.21.

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

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price target on shares of Boeing in a research note on Monday, September 29th. Susquehanna reissued a “positive” rating and set a $270.00 target price on shares of Boeing in a research report on Monday, September 15th. UBS Group set a $280.00 price target on shares of Boeing and gave the stock a “buy” rating in a report on Wednesday, July 30th. Sanford C. Bernstein lifted their price objective on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Citigroup reissued a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $233.91.

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director directly 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 purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing 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 transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company 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 Commercial Airplanes; Defense, Space & Security; and Global Services segments.