HHM Wealth Advisors LLC Decreases Stake in The Boeing Company (NYSE:BA)

HHM Wealth Advisors LLC lowered its position in The Boeing Company (NYSE:BAGet Rating) by 11.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,006 shares of the aircraft producer’s stock after selling 136 shares during the period. HHM Wealth Advisors LLC’s holdings in Boeing were worth $122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. McDonald Partners LLC boosted its position in shares of Boeing by 4.1% during the 3rd quarter. McDonald Partners LLC now owns 3,221 shares of the aircraft producer’s stock valued at $390,000 after acquiring an additional 126 shares during the last quarter. AMG National Trust Bank grew its stake in shares of Boeing by 2.2% in the 3rd quarter. AMG National Trust Bank now owns 8,833 shares of the aircraft producer’s stock valued at $1,069,000 after buying an additional 186 shares during the period. Vigilant Capital Management LLC increased its holdings in shares of Boeing by 130.8% during the 3rd quarter. Vigilant Capital Management LLC now owns 577 shares of the aircraft producer’s stock worth $70,000 after buying an additional 327 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of Boeing by 5.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,481 shares of the aircraft producer’s stock valued at $886,000 after buying an additional 343 shares during the period. Finally, Martin & Co. Inc. TN raised its position in shares of Boeing by 3.5% during the 3rd quarter. Martin & Co. Inc. TN now owns 5,445 shares of the aircraft producer’s stock valued at $659,000 after buying an additional 185 shares during the period. Hedge funds and other institutional investors own 57.07% of the company’s stock.

Insider Transactions at Boeing

In related news, CEO David L. Calhoun purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were purchased at an average cost of $158.88 per share, for a total transaction of $3,972,000.00. Following the purchase, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at $3,972,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Steven M. Mollenkopf purchased 1,285 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were purchased at an average cost of $157.09 per share, for a total transaction of $201,860.65. Following the purchase, the director now directly owns 2,917 shares of the company’s stock, valued at $458,231.53. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David L. Calhoun purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were bought at an average price of $158.88 per share, for a total transaction of $3,972,000.00. Following the completion of the purchase, the chief executive officer now directly owns 25,000 shares in the company, valued at $3,972,000. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

Boeing Stock Up 1.0 %

Boeing stock opened at $211.98 on Wednesday. The company has a fifty day simple moving average of $190.60 and a 200-day simple moving average of $165.31. The Boeing Company has a 12-month low of $113.02 and a 12-month high of $223.23.

Boeing (NYSE:BAGet Rating) last released its quarterly earnings data on Wednesday, October 26th. The aircraft producer reported ($6.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($6.17). The firm had revenue of $15.96 billion for the quarter, compared to analyst estimates of $18.03 billion. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.60) earnings per share. On average, equities research analysts expect that The Boeing Company will post -8.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on BA. Royal Bank of Canada set a $210.00 price objective on Boeing in a report on Tuesday, January 10th. Wells Fargo & Company boosted their target price on Boeing from $218.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, January 11th. Morgan Stanley lowered Boeing from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $213.00 to $220.00 in a research report on Tuesday, January 10th. Bank of America boosted their target price on Boeing from $165.00 to $190.00 and gave the company a “neutral” rating in a research report on Wednesday, December 7th. Finally, Citigroup boosted their target price on Boeing from $209.00 to $222.00 and gave the company a “buy” rating in a research report on Thursday, December 8th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.53.

Boeing Company Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.

Further Reading

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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