Mitchell Mcleod Pugh & Williams Inc. Purchases 524 Shares of The Boeing Company (NYSE:BA)

Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of The Boeing Company (NYSE:BA) by 12.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,761 shares of the aircraft producer’s stock after buying an additional 524 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Boeing were worth $724,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maiden Cove Capital LLC bought a new position in Boeing in the 3rd quarter worth $178,000. Tyler Stone Wealth Management raised its holdings in Boeing by 46.8% in the 3rd quarter. Tyler Stone Wealth Management now owns 1,458 shares of the aircraft producer’s stock worth $222,000 after purchasing an additional 465 shares in the last quarter. Baker Avenue Asset Management LP bought a new position in Boeing in the 3rd quarter worth $242,000. Axxcess Wealth Management LLC raised its holdings in Boeing by 1.4% in the 3rd quarter. Axxcess Wealth Management LLC now owns 16,070 shares of the aircraft producer’s stock worth $2,443,000 after purchasing an additional 224 shares in the last quarter. Finally, Sigma Planning Corp raised its holdings in Boeing by 252.7% in the 3rd quarter. Sigma Planning Corp now owns 15,300 shares of the aircraft producer’s stock worth $2,326,000 after purchasing an additional 10,962 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Up 0.5 %

BA traded up $0.70 during midday trading on Friday, hitting $151.68. 12,996,805 shares of the company traded hands, compared to its average volume of 18,301,298. The firm has a market capitalization of $93.77 billion, a PE ratio of -11.76 and a beta of 1.57. The company’s 50-day moving average is $155.31 and its 200 day moving average is $170.34. The Boeing Company has a 52 week low of $144.13 and a 52 week high of $267.54.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($3.26) EPS. On average, sell-side analysts predict that The Boeing Company will post -16.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Susquehanna reduced their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Stifel Nicolaus upped their target price on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Finally, Robert W. Baird reduced their target price 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 equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $190.37.

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.