4,579 Shares in The Boeing Company $BA Acquired by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc acquired a new stake in shares of The Boeing Company (NYSE:BA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,579 shares of the aircraft producer’s stock, valued at approximately $988,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in Boeing by 1.7% in the second quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock worth $13,991,022,000 after purchasing an additional 1,118,316 shares in the last quarter. Geode Capital Management LLC lifted its position in Boeing by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 16,316,838 shares of the aircraft producer’s stock valued at $3,402,073,000 after purchasing an additional 432,026 shares during the period. Fisher Asset Management LLC boosted its stake in Boeing by 3.8% in the second quarter. Fisher Asset Management LLC now owns 5,327,443 shares of the aircraft producer’s stock valued at $1,116,259,000 after acquiring an additional 196,666 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Boeing by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,242,397 shares of the aircraft producer’s stock worth $888,910,000 after purchasing an additional 44,338 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Boeing by 6.3% during the second quarter. Legal & General Group Plc now owns 3,145,620 shares of the aircraft producer’s stock worth $659,102,000 after buying an additional 187,545 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $267.00 price target on shares of Boeing in a research report on Friday, November 14th. Citigroup initiated coverage on Boeing in a research report on Thursday, December 11th. They set a “buy” rating and a $265.00 price target for the company. New Street Research set a $257.00 target price on Boeing in a research report on Tuesday, December 9th. UBS Group restated a “buy” rating on shares of Boeing in a report on Wednesday, December 10th. Finally, Zacks Research raised Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $232.96.

Boeing Trading Up 0.7%

Shares of BA stock opened at $206.90 on Wednesday. The stock has a market cap of $157.26 billion, a P/E ratio of -15.12 and a beta of 1.18. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The stock has a 50 day simple moving average of $202.23 and a 200 day simple moving average of $214.19.

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

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.