JFS Wealth Advisors LLC Buys 1,797 Shares of The Boeing Company (NYSE:BA)

JFS Wealth Advisors LLC lifted its stake in The Boeing Company (NYSE:BA) by 84.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,920 shares of the aircraft producer’s stock after buying an additional 1,797 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Boeing were worth $596,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in shares of Boeing by 289.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock worth $2,558,790,000 after buying an additional 1,251,165 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Boeing by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after acquiring an additional 1,222,816 shares during the last quarter. Van ECK Associates Corp grew its position in Boeing by 9,626.0% in the second quarter. Van ECK Associates Corp now owns 1,026,092 shares of the aircraft producer’s stock worth $186,759,000 after acquiring an additional 1,015,542 shares in the last quarter. Wulff Hansen & CO. increased its stake in Boeing by 15,039.0% during the second quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock worth $176,073,000 after acquiring an additional 960,993 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Boeing by 14.1% during the first quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock valued at $811,221,000 after purchasing an additional 518,952 shares during the period. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. TD Cowen dropped their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. UBS Group reduced their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company dropped their price target on shares of Boeing from $109.00 to $86.00 and set an “underweight” rating for the company in a research note on Thursday, October 24th. Finally, Robert W. Baird reduced their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Hold” and a consensus target price of $190.42.

Boeing Price Performance

NYSE:BA opened at $149.29 on Friday. The Boeing Company has a 1-year low of $146.02 and a 1-year high of $267.54. The company has a 50-day moving average of $157.86 and a 200 day moving average of $171.09. The firm has a market cap of $91.65 billion, a PE ratio of -42.05 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 firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($3.26) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -5.35 EPS for the current fiscal 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.