Flagship Harbor Advisors LLC Has $1.63 Million Stake in The Boeing Company (NYSE:BA)

Flagship Harbor Advisors LLC decreased its stake in shares of The Boeing Company (NYSE:BA) by 4.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,718 shares of the aircraft producer’s stock after selling 387 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Boeing were worth $1,630,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. United Bank lifted its stake in Boeing by 4.7% during the 1st quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock valued at $964,000 after acquiring an additional 226 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Boeing by 1,064.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock valued at $163,000 after acquiring an additional 777 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in Boeing by 68.0% during the 1st quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock valued at $1,362,000 after acquiring an additional 2,879 shares in the last quarter. Prudential PLC bought a new position in Boeing during the 1st quarter valued at $836,000. Finally, Dakota Wealth Management lifted its stake in Boeing by 26.7% during the 1st quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock valued at $408,000 after acquiring an additional 448 shares in the last quarter. Institutional investors and hedge funds own 61.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Susquehanna restated a “positive” rating and set a $270.00 price objective on shares of Boeing in a research note on Wednesday, September 13th. TheStreet upgraded Boeing from a “d+” rating to a “c-” rating in a research note on Tuesday, August 15th. Bank of America upgraded Boeing from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $225.00 to $300.00 in a research note on Thursday, July 27th. StockNews.com began coverage on Boeing in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Boeing from $225.00 to $245.00 in a research note on Thursday, July 27th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $245.13.

Boeing Stock Down 0.4 %

NYSE BA opened at $208.11 on Monday. The company has a market cap of $125.20 billion, a PE ratio of -27.79 and a beta of 1.43. The Boeing Company has a 52 week low of $120.99 and a 52 week high of $243.10. The firm’s 50-day simple moving average is $223.54 and its two-hundred day simple moving average is $213.09.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 26th. The aircraft producer reported ($0.82) earnings per share for the quarter, beating the consensus estimate of ($0.99) by $0.17. The company had revenue of $19.75 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the company earned ($0.37) earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis. As a group, equities research analysts anticipate that The Boeing Company will post -2.6 EPS for the current year.

Insider Activity

In related news, Director Steven M. Mollenkopf purchased 850 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average cost of $237.00 per share, for a total transaction of $201,450.00. Following the completion of the transaction, the director now directly owns 3,767 shares in the company, valued at approximately $892,779. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Theodore Colbert III sold 8,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $238.37, for a total value of $2,026,145.00. Following the transaction, the chief executive officer now directly owns 59,255 shares in the company, valued at $14,124,614.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven M. Mollenkopf acquired 850 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average price of $237.00 per share, for a total transaction of $201,450.00. Following the completion of the transaction, the director now owns 3,767 shares of the company’s stock, valued at approximately $892,779. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.

Boeing Company 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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.