Hershey Financial Advisers LLC Makes New Investment in The Boeing Company $BA

Hershey Financial Advisers LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,548 shares of the aircraft producer’s stock, valued at approximately $1,372,000.

Several other institutional investors and hedge funds have also made changes to their positions in BA. Harbor Asset Planning Inc. purchased a new position in Boeing in the 2nd quarter worth $25,000. Piscataqua Savings Bank increased its holdings in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares during the period. Monetary Management Group Inc. raised its stake in shares of Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after purchasing an additional 50 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Boeing during the second quarter worth about $34,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Boeing in the second quarter valued at approximately $35,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of NYSE:BA opened at $204.33 on Friday. The business’s 50 day moving average price is $202.82 and its 200-day moving average price is $214.12. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The firm has a market capitalization of $155.31 billion, a price-to-earnings ratio of -14.94 and a beta of 1.18.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the previous year, the company earned ($10.44) EPS. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. On average, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on BA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Loop Capital set a $223.00 price objective on Boeing in a research note on Monday, November 3rd. Susquehanna lowered their target price on Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a research note on Wednesday, November 12th. New Street Research set a $257.00 price target on Boeing in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered their price objective on Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.96.

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the sale, the executive vice president directly owned 14,656 shares in the company, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Dana S. Deasy bought 554 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was purchased at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the transaction, the senior vice president owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.09% of the company’s stock.

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.