Arvest Bank Trust Division Invests $211,000 in The Boeing Company $BA

Arvest Bank Trust Division bought a new position in shares of The Boeing Company (NYSE:BA) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,007 shares of the aircraft producer’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BA. Fiera Capital Corp bought a new stake in shares of Boeing in the second quarter worth about $4,483,000. Allianz SE bought a new stake in shares of Boeing in the second quarter worth $1,015,000. Thompson Davis & CO. Inc. bought a new stake in Boeing during the 2nd quarter worth about $254,000. Capital Investment Counsel Inc raised its holdings in Boeing by 3.1% during the second quarter. Capital Investment Counsel Inc now owns 2,301 shares of the aircraft producer’s stock worth $482,000 after acquiring an additional 70 shares in the last quarter. Finally, MV Capital Management Inc. boosted its holdings in shares of Boeing by 8.2% in the 2nd quarter. MV Capital Management Inc. now owns 806 shares of the aircraft producer’s stock valued at $169,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BA shares. JPMorgan Chase & Co. cut their target price on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Jefferies Financial Group set a $255.00 target price on shares of Boeing in a research report on Tuesday, September 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $250.00 price target on shares of Boeing in a research report on Monday, September 29th. Barclays increased their price objective on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Loop Capital set a $223.00 price target on Boeing in a research note on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.30.

Boeing Stock Down 0.1%

Shares of Boeing stock opened at $194.45 on Friday. The company’s fifty day moving average is $212.85 and its 200 day moving average is $214.45. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The stock has a market cap of $147.80 billion, a price-to-earnings ratio of -14.21 and a beta of 1.44.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The firm had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. Boeing’s revenue was up 30.4% compared to the same quarter last year. During the same period last year, the business earned ($10.44) EPS. As a group, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction 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 completion of the sale, the executive vice president owned 14,656 shares in the company, valued at $2,896,904.96. The trade was a 8.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mortimer J. Buckley purchased 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the purchase, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.09% 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 Commercial Airplanes; Defense, Space & Security; and Global Services segments.