Blue Zone Wealth Advisors LLC Boosts Position in The Boeing Company $BA

Blue Zone Wealth Advisors LLC boosted its holdings in The Boeing Company (NYSE:BA) by 4.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 25,149 shares of the aircraft producer’s stock after purchasing an additional 1,093 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in Boeing were worth $5,269,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Aspire Capital Advisors LLC raised its holdings in Boeing by 0.8% in the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after buying an additional 45 shares during the period. Lantz Financial LLC raised its stake in shares of Boeing by 1.5% during the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after purchasing an additional 46 shares during the period. Atlas Brown Inc. raised its stake in shares of Boeing by 0.7% during the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after purchasing an additional 48 shares during the period. Moody National Bank Trust Division raised its stake in shares of Boeing by 2.7% during the second quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer’s stock valued at $385,000 after purchasing an additional 48 shares during the period. Finally, Heck Capital Advisors LLC raised its stake in shares of Boeing by 3.6% during the second quarter. Heck Capital Advisors LLC now owns 1,398 shares of the aircraft producer’s stock valued at $293,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In other news, Director Mortimer J. Buckley purchased 2,200 shares of Boeing stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares in the company, valued at $497,420. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the business’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 transaction, the executive vice president directly owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BA shares. Sanford C. Bernstein lifted their price objective on shares of Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Vertical Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and lifted their price objective for the company from $242.00 to $270.00 in a research note on Monday, September 8th. Citigroup reiterated a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Susquehanna reiterated a “positive” rating and set a $270.00 price objective on shares of Boeing in a research note on Monday, September 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $233.91.

Boeing Price Performance

Boeing stock opened at $211.04 on Friday. The company has a market cap of $159.58 billion, a PE ratio of -12.78 and a beta of 1.47. The company has a fifty day moving average price of $224.29 and a two-hundred day moving average price of $206.19. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69.

Boeing (NYSE:BA) last released 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 business had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. During the same period in the previous year, the company posted ($2.90) earnings per share. Boeing’s revenue for the quarter was up 34.9% compared to the same quarter last year. Equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

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.