Tidal Investments LLC Raises Stock Holdings in The Boeing Company (NYSE:BA)

Tidal Investments LLC grew its holdings in The Boeing Company (NYSE:BA) by 2.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,230 shares of the aircraft producer’s stock after buying an additional 804 shares during the quarter. Tidal Investments LLC’s holdings in Boeing were worth $5,812,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. RPg Family Wealth Advisory LLC purchased a new position in Boeing during the third quarter valued at $28,000. Cedar Wealth Management LLC purchased a new position in Boeing in the 3rd quarter valued at about $30,000. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing in the 2nd quarter worth about $33,000. Hobbs Group Advisors LLC purchased a new stake in Boeing during the 2nd quarter worth approximately $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after acquiring an additional 165 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 1.1 %

Shares of BA opened at $169.63 on Friday. The company’s 50-day moving average price is $152.79 and its 200 day moving average price is $166.12. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $267.54. The firm has a market cap of $104.87 billion, a P/E ratio of -13.15 and a beta of 1.56.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm 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 last year, the business earned ($3.26) earnings per share. Equities research analysts forecast that The Boeing Company will post -16.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on BA shares. Robert W. Baird dropped their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday. Jefferies Financial Group cut their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Finally, Wells Fargo & Company lowered their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $190.11.

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.