ORG Partners LLC Buys 488 Shares of The Boeing Company (NYSE:BA)

ORG Partners LLC raised its stake in shares of The Boeing Company (NYSE:BA) by 119.9% in the first quarter, Holdings Channel reports. The fund owned 895 shares of the aircraft producer’s stock after acquiring an additional 488 shares during the period. ORG Partners LLC’s holdings in Boeing were worth $152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. American National Bank & Trust raised its holdings in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after buying an additional 128 shares during the last quarter. REAP Financial Group LLC raised its holdings in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after buying an additional 65 shares during the last quarter. Anfield Capital Management LLC raised its holdings in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after buying an additional 95 shares during the last quarter. Dogwood Wealth Management LLC raised its holdings in shares of Boeing by 167.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after buying an additional 112 shares during the last quarter. Finally, Solstein Capital LLC bought a new position in shares of Boeing in the fourth quarter valued at about $33,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BA. UBS Group lifted their price target on Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a report on Friday, May 9th. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the company a “buy” rating in a report on Thursday, June 12th. Wall Street Zen cut Boeing from a “hold” rating to a “sell” rating in a report on Saturday, May 17th. TD Securities cut Boeing to a “cautious” rating in a report on Thursday, May 22nd. Finally, Bank of America raised Boeing from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $185.00 to $260.00 in a report on Monday, June 2nd. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $209.85.

Boeing Trading Up 0.4%

Boeing stock opened at $198.41 on Friday. The firm has a market capitalization of $149.60 billion, a P/E ratio of -11.07 and a beta of 1.43. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80. The business has a 50-day moving average of $193.38 and a 200-day moving average of $178.45.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. Boeing’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.13) earnings per share. Research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president now owns 13,258 shares of the company’s stock, valued at $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by company insiders.

About Boeing

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.