Forte Capital LLC ADV Has $410,000 Stock Holdings in The Boeing Company (NYSE:BA)

Forte Capital LLC ADV increased its stake in shares of The Boeing Company (NYSE:BA) by 14.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,694 shares of the aircraft producer’s stock after acquiring an additional 350 shares during the quarter. Forte Capital LLC ADV’s holdings in Boeing were worth $410,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kiely Wealth Advisory Group Inc. bought a new position in Boeing during the 2nd quarter worth $33,000. Hobbs Group Advisors LLC bought a new position in Boeing during the second quarter worth about $34,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after acquiring an additional 165 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in Boeing in the 2nd quarter worth about $39,000. Finally, Strategic Financial Concepts LLC bought a new stake in Boeing in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $150.98 on Friday. The Boeing Company has a fifty-two week low of $144.13 and a fifty-two week high of $267.54. The company’s 50 day moving average price is $156.17 and its two-hundred day moving average price is $170.60. The firm has a market capitalization of $93.34 billion, a price-to-earnings ratio of -11.70 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 the consensus estimate of $17.81 billion. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted ($3.26) earnings per share. As a group, equities research analysts predict that The Boeing Company will post -16.09 EPS for the current year.

Analyst Ratings Changes

BA has been the topic of several recent research reports. Stifel Nicolaus raised their target price on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a report on Tuesday, October 15th. Morgan Stanley cut their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. 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. Finally, Citigroup cut their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $190.37.

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.