Perfromance Wealth Partners LLC Has $461,000 Holdings in The Boeing Company $BA

Perfromance Wealth Partners LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 29.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,201 shares of the aircraft producer’s stock after acquiring an additional 501 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Boeing were worth $461,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Piscataqua Savings Bank raised its stake 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 valued at $30,000 after purchasing an additional 137 shares during the period. Proathlete Wealth Management LLC acquired a new stake in shares of Boeing in the 1st quarter valued at about $34,000. Monetary Management Group Inc. raised its stake in shares of Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares during the period. Keener Financial Planning LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at about $41,000. Finally, Columbia River Financial Group LLC acquired a new stake in shares of Boeing in the 1st quarter valued at about $50,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity

In related news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,200 shares of Boeing stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.09% of the stock is owned by company insiders.

Boeing Price Performance

Shares of NYSE BA opened at $215.53 on Tuesday. The stock has a market capitalization of $162.98 billion, a price-to-earnings ratio of -13.05 and a beta of 1.47. The business has a 50-day moving average of $224.15 and a 200-day moving average of $206.87. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

Boeing (NYSE:BA) last announced 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 firm had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. Boeing’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the firm earned ($2.90) EPS. On average, sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

BA has been the topic of several recent research reports. Bank of America lifted their price target on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Jefferies Financial Group set a $255.00 price target on Boeing in a research note on Tuesday, September 30th. Susquehanna reissued a “positive” rating and issued a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. UBS Group set a $280.00 price target on Boeing and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Vertical Research raised Boeing from a “hold” rating to a “buy” rating and lifted their price target for the company from $242.00 to $270.00 in a research note on Monday, September 8th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $236.00.

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.