12,843 Shares in The Boeing Company $BA Purchased by Financial Gravity Companies Inc.

Financial Gravity Companies Inc. bought a new stake in The Boeing Company (NYSE:BA) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 12,843 shares of the aircraft producer’s stock, valued at approximately $2,691,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC bought a new position in Boeing in the second quarter valued at approximately $200,000. Firestone Capital Management bought a new stake in Boeing during the second quarter worth $212,000. Cornerstone Advisors LLC boosted its holdings in shares of Boeing by 5.6% in the 2nd quarter. Cornerstone Advisors LLC now owns 41,700 shares of the aircraft producer’s stock valued at $8,737,000 after purchasing an additional 2,200 shares in the last quarter. Citizens Financial Group Inc. RI increased its stake in shares of Boeing by 94.9% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 12,144 shares of the aircraft producer’s stock valued at $2,545,000 after purchasing an additional 5,912 shares during the last quarter. Finally, Paragon Capital Management LLC acquired a new position in shares of Boeing during the 2nd quarter worth $450,000. Institutional investors own 64.82% of the company’s stock.

Insider Activity

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the transaction, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 owned 14,656 shares in the company, valued at $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA opened at $194.45 on Friday. The firm has a 50 day moving average price of $212.85 and a two-hundred day moving average price of $214.68. 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 52-week low of $128.88 and a 52-week high of $242.69.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. The firm’s revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the company posted ($10.44) earnings per share. Analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BA has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a research note on Thursday, October 30th. Royal Bank Of Canada reiterated an “outperform” rating and set a $250.00 price objective on shares of Boeing in a research report on Monday, September 29th. Susquehanna cut their target price on shares of Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a research report on Wednesday. Finally, KGI Securities raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $240.30.

Boeing 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.