Members Trust Co Purchases 395 Shares of The Boeing Company $BA

Members Trust Co lifted its position in The Boeing Company (NYSE:BA) by 18.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,564 shares of the aircraft producer’s stock after acquiring an additional 395 shares during the quarter. Members Trust Co’s holdings in Boeing were worth $537,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Wallace Advisory Group LLC lifted its holdings in shares of Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after acquiring an additional 44 shares during the last quarter. Aspire Capital Advisors LLC lifted its holdings in shares of Boeing by 0.8% in the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after acquiring an additional 45 shares during the last quarter. Lantz Financial LLC lifted its holdings in shares of Boeing by 1.5% in the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after acquiring an additional 46 shares during the last quarter. Atlas Brown Inc. lifted its holdings 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 worth $1,362,000 after acquiring an additional 48 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its holdings in shares of 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 acquiring an additional 48 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA opened at $217.29 on Wednesday. The company has a market capitalization of $164.30 billion, a price-to-earnings ratio of -13.16 and a beta of 1.47. The company’s 50-day simple moving average is $222.62 and its two-hundred day simple moving average is $208.85. The Boeing Company has a one year low of $128.88 and a one year high of $242.69.

Boeing (NYSE:BA) last posted its earnings results 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 analyst estimates of $20.13 billion. The business’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same quarter last year, the business earned ($2.90) earnings per share. Equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays raised their target price on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Redburn Atlantic upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and lifted their price objective for the company from $180.00 to $275.00 in a report on Friday, June 27th. 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 report on Monday, September 8th. KGI Securities upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Finally, 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 report on Thursday, October 2nd. Three 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $240.20.

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.