United Asset Strategies Inc. Acquires Shares of 1,432 The Boeing Company $BA

by · The Cerbat Gem

United Asset Strategies Inc. bought a new position in shares of The Boeing Company (NYSE:BA – Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 1,432 shares of the aircraft producer’s stock, valued at approximately $300,000.

Several other institutional investors also recently added to or reduced their stakes in BA. Harbor Asset Planning Inc. bought a new position in shares of Boeing during the 2nd quarter valued at approximately $25,000. Piscataqua Savings Bank raised its holdings in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares during the period. Monetary Management Group Inc. lifted its stake in 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 purchasing an additional 50 shares during the last quarter. Decker Retirement Planning Inc. bought a new position in Boeing during the second quarter valued at $35,000. Finally, IMG Wealth Management Inc. increased its position in Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after buying an additional 110 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.2%

BA opened at $195.63 on Thursday. The stock has a market capitalization of $148.70 billion, a P/E ratio of -14.30 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. The stock has a 50-day moving average price of $214.27 and a 200-day moving average price of $214.50.

Boeing (NYSE:BA – Get Free Report) 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 analysts’ expectations of $21.61 billion. During the same period last year, the firm posted ($10.44) EPS. The business’s revenue was up 30.4% on a year-over-year basis. On average, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling

In other news, Director Mortimer J. Buckley bought 2,200 shares of the company’s 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 acquisition, the director owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction, the executive vice president 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 SEC filing for this sale provides additional information. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of a number of recent research reports. Zacks Research cut Boeing from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Sanford C. Bernstein boosted their price objective on Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Vertical Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and lifted their target price for the stock from $242.00 to $270.00 in a research note on Monday, September 8th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $241.05.

Check Out Our Latest Research Report on BA

About Boeing

(Free Report)

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.

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