Courier Capital LLC Acquires 90 Shares of The Boeing Company $BA

by · The Cerbat Gem

Courier Capital LLC lifted its holdings in The Boeing Company (NYSE:BA – Free Report) by 0.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,880 shares of the aircraft producer’s stock after buying an additional 90 shares during the quarter. Courier Capital LLC’s holdings in Boeing were worth $3,746,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Aspire Capital Advisors LLC raised its holdings in shares of Boeing by 0.8% in the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after buying an additional 45 shares during the last quarter. Lantz Financial LLC raised its holdings in Boeing by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after purchasing an additional 46 shares during the last quarter. Atlas Brown Inc. raised its holdings in Boeing by 0.7% during the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock worth $1,362,000 after purchasing an additional 48 shares during the last quarter. Moody National Bank Trust Division raised its holdings in Boeing by 2.7% during the 2nd quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer’s stock worth $385,000 after purchasing an additional 48 shares during the last quarter. Finally, Heck Capital Advisors LLC raised its holdings in Boeing by 3.6% during the 2nd quarter. Heck Capital Advisors LLC now owns 1,398 shares of the aircraft producer’s stock worth $293,000 after purchasing an additional 49 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Redburn Atlantic raised Boeing from a “hold” rating to a “strong-buy” rating and boosted their price objective for the stock from $180.00 to $275.00 in a report on Friday, June 27th. UBS Group set a $280.00 price objective on Boeing and gave the stock a “buy” rating in a report on Wednesday, July 30th. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 target price on shares of Boeing in a research report on Monday, September 29th. Sanford C. Bernstein boosted their target price on Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Finally, Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and boosted their target price for the stock from $242.00 to $270.00 in a research report on Monday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.00.

Check Out Our Latest Report on BA

Insiders Place Their Bets

In other news, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director directly owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value 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. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $215.53 on Tuesday. The firm has a market capitalization of $162.98 billion, a PE ratio of -13.05 and a beta of 1.47. The stock has a 50 day simple moving average of $224.15 and a 200 day simple moving average of $206.87. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69.

Boeing (NYSE:BA – Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. During the same quarter in the prior year, the company posted ($2.90) EPS. The firm’s quarterly revenue was up 34.9% on a year-over-year basis. Equities research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Boeing Company Profile

(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.

Further Reading

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