The Boeing Company $BA Shares Acquired by IHT Wealth Management LLC

IHT Wealth Management LLC grew its stake in The Boeing Company (NYSE:BA) by 9.5% during the second quarter, Holdings Channel.com reports. The fund owned 40,272 shares of the aircraft producer’s stock after acquiring an additional 3,494 shares during the period. IHT Wealth Management LLC’s holdings in Boeing were worth $8,438,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new stake in Boeing in the 2nd quarter valued at approximately $25,000. Piscataqua Savings Bank boosted its position in shares of Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after buying an additional 137 shares during the period. Monetary Management Group Inc. grew its stake in shares of Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after buying an additional 50 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in shares of Boeing in the 2nd quarter valued at $34,000. Finally, Decker Retirement Planning Inc. acquired a new position in Boeing during the 2nd quarter worth about $35,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BNP Paribas set a $150.00 target price on Boeing in a research report on Tuesday, November 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Sanford C. Bernstein reiterated an “outperform” rating and set a $267.00 target price on shares of Boeing in a report on Friday, November 14th. New Street Research set a $257.00 price target on shares of Boeing in a research report on Tuesday. Finally, UBS Group restated a “buy” rating on shares of Boeing in a research note on Wednesday. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $232.96.

Insiders Place Their Bets

In other Boeing news, SVP Dana S. Deasy purchased 554 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was bought at an average cost of $178.88 per share, with a total value of $99,099.52. Following the acquisition, the senior vice president directly owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 14,656 shares in the company, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.09% of the stock is owned by company insiders.

Boeing Stock Up 1.8%

Shares of Boeing stock opened at $204.33 on Friday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The company has a market capitalization of $155.31 billion, a P/E ratio of -14.94 and a beta of 1.18. The company has a 50 day moving average of $202.82 and a 200 day moving average of $214.03.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. The company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the firm earned ($10.44) EPS. As a group, research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.