McAdam LLC Sells 156 Shares of The Boeing Company (NYSE:BA)

McAdam LLC decreased its holdings in The Boeing Company (NYSE:BA) by 7.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,877 shares of the aircraft producer’s stock after selling 156 shares during the period. McAdam LLC’s holdings in Boeing were worth $342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of BA. BIP Wealth LLC purchased a new position in Boeing in the fourth quarter valued at about $284,000. Bailard Inc. raised its stake in shares of Boeing by 1.4% during the 4th quarter. Bailard Inc. now owns 5,110 shares of the aircraft producer’s stock worth $1,332,000 after acquiring an additional 71 shares in the last quarter. Syon Capital LLC lifted its position in Boeing by 6.4% during the fourth quarter. Syon Capital LLC now owns 5,218 shares of the aircraft producer’s stock valued at $1,360,000 after acquiring an additional 313 shares during the last quarter. Jackson Hole Capital Partners LLC boosted its stake in Boeing by 2.8% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 5,024 shares of the aircraft producer’s stock valued at $1,310,000 after acquiring an additional 139 shares in the last quarter. Finally, Evolution Advisers Inc. purchased a new position in Boeing in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Bank of America raised their price objective on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Susquehanna restated a “positive” rating and set a $230.00 price objective on shares of Boeing in a report on Wednesday, August 14th. UBS Group decreased their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Finally, Sanford C. Bernstein dropped their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $215.18.

Boeing Stock Up 1.3 %

Boeing stock opened at $174.96 on Friday. The business’s 50-day moving average price is $178.48 and its 200 day moving average price is $183.32. The firm has a market cap of $107.41 billion, a price-to-earnings ratio of -49.28 and a beta of 1.56. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same quarter last year, the firm earned ($0.82) earnings per share. Boeing’s revenue for the quarter was down 14.6% on a year-over-year basis. Equities analysts expect that The Boeing Company will post -2.38 EPS for the current 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.