The Boeing Company $BA Shares Sold by Grandfield & Dodd LLC

Grandfield & Dodd LLC trimmed its stake in shares of The Boeing Company (NYSE:BA) by 16.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,638 shares of the aircraft producer’s stock after selling 325 shares during the quarter. Grandfield & Dodd LLC’s holdings in Boeing were worth $343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wallace Advisory Group LLC grew its stake in Boeing by 1.2% in the second quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after purchasing an additional 44 shares in the last quarter. Aspire Capital Advisors LLC lifted its holdings in Boeing by 0.8% during the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after buying an additional 45 shares during the last quarter. Lantz Financial LLC grew its position 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 in the last quarter. Blue Barn Wealth LLC increased its holdings in shares of Boeing by 1.8% in the 2nd quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock valued at $544,000 after acquiring an additional 46 shares during the last quarter. Finally, Atlas Brown Inc. raised its position in shares of Boeing by 0.7% during the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BA. KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 24th. Bank of America lifted their price target on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. UBS Group reissued a “buy” rating on shares of Boeing in a report on Thursday, October 30th. Finally, Susquehanna decreased their target price on Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $240.30.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mortimer J. Buckley bought 2,200 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.09% of the stock is currently owned by insiders.

Boeing Price Performance

BA opened at $194.45 on Friday. The stock’s 50 day moving average price is $212.85 and its 200 day moving average price is $214.45. The stock has a market cap of $147.80 billion, a P/E ratio of -14.21 and a beta of 1.44. 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 results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. The business’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the firm posted ($10.44) earnings per share. Equities analysts anticipate that The Boeing Company will post -2.58 EPS 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.