The Boeing Company $BA Shares Bought by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 91.8% during the second quarter, Holdings Channel.com reports. The firm owned 2,309 shares of the aircraft producer’s stock after acquiring an additional 1,105 shares during the period. Quotient Wealth Partners LLC’s holdings in Boeing were worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Aspire Capital Advisors LLC increased 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 in the last quarter. Lantz Financial LLC grew its position in shares of Boeing by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after acquiring an additional 46 shares during the period. Atlas Brown Inc. increased its stake in shares of Boeing by 0.7% in the 2nd 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 in the last quarter. Moody National Bank Trust Division raised its holdings in Boeing by 2.7% in the 2nd quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer’s stock worth $385,000 after purchasing an additional 48 shares during the period. Finally, Heck Capital Advisors LLC boosted its position in Boeing by 3.6% during the second quarter. Heck Capital Advisors LLC now owns 1,398 shares of the aircraft producer’s stock worth $293,000 after purchasing an additional 49 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP David Christopher Raymond sold 3,771 shares of the company’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 value of $867,103.74. Following the transaction, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mortimer J. Buckley purchased 2,200 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the purchase, the director owned 2,200 shares in the company, 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 company insiders.

Boeing Stock Up 0.6%

Shares of NYSE BA opened at $213.09 on Friday. The firm has a 50-day simple moving average of $223.10 and a 200-day simple moving average of $207.83. The stock has a market capitalization of $161.13 billion, a price-to-earnings ratio of -12.91 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 announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. The company’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.90) earnings per share. As a group, equities research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Sanford C. Bernstein upped their target price on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Susquehanna restated a “positive” rating and set a $270.00 price objective on shares of Boeing in a research report on Monday, September 15th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a report on Monday, July 28th. Jefferies Financial Group set a $255.00 target price on shares of Boeing in a research note on Tuesday, September 30th. Finally, UBS Group set a $280.00 price target on shares of Boeing and gave the company a “buy” rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $240.20.

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.