Bay Rivers Group Has $1.12 Million Stock Holdings in The Boeing Company (NYSE:BA)

Bay Rivers Group decreased its holdings in shares of The Boeing Company (NYSE:BA) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,346 shares of the aircraft producer’s stock after selling 448 shares during the quarter. Bay Rivers Group’s holdings in Boeing were worth $1,117,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. acquired a new stake in Boeing in the first quarter valued at $310,000. Cullinan Associates Inc. raised its stake in Boeing by 73.3% in the 1st quarter. Cullinan Associates Inc. now owns 6,975 shares of the aircraft producer’s stock valued at $1,346,000 after acquiring an additional 2,950 shares during the period. Naviter Wealth LLC lifted its holdings in Boeing by 39.4% during the 1st quarter. Naviter Wealth LLC now owns 5,541 shares of the aircraft producer’s stock valued at $1,069,000 after purchasing an additional 1,566 shares during the last quarter. Kiley Juergens Wealth Management LLC increased its holdings in shares of Boeing by 3.7% in the first quarter. Kiley Juergens Wealth Management LLC now owns 23,796 shares of the aircraft producer’s stock valued at $4,592,000 after purchasing an additional 847 shares during the last quarter. Finally, Albion Financial Group UT raised its position in shares of Boeing by 40.2% in the first quarter. Albion Financial Group UT now owns 237 shares of the aircraft producer’s stock valued at $46,000 after purchasing an additional 68 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 1.9 %

Boeing stock traded up $2.88 during midday trading on Tuesday, reaching $153.57. The stock had a trading volume of 44,451,941 shares, compared to its average volume of 8,364,119. The company has a fifty day moving average price of $159.10 and a two-hundred day moving average price of $171.48. The Boeing Company has a 12 month low of $146.02 and a 12 month high of $267.54. The company has a market capitalization of $94.27 billion, a P/E ratio of -43.43 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.26) earnings per share. On average, equities research analysts predict that The Boeing Company will post -5.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on BA. TD Cowen reduced their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Susquehanna lowered their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Sanford C. Bernstein reduced their target price on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. UBS Group dropped their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $191.79.

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.