Searle & CO. Buys 1,278 Shares of The Boeing Company (NYSE:BA)

Searle & CO. boosted its stake in shares of The Boeing Company (NYSE:BA) by 11.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,241 shares of the aircraft producer’s stock after acquiring an additional 1,278 shares during the period. Searle & CO.’s holdings in Boeing were worth $2,228,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC bought a new position in shares of Boeing in the 4th quarter valued at $26,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Boeing in the 4th quarter valued at $28,000. Vima LLC bought a new position in shares of Boeing in the 4th quarter valued at $34,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing in the 2nd quarter valued at $34,000. Finally, McClarren Financial Advisors Inc. increased its stake in shares of Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after purchasing an additional 158 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of several recent analyst reports. Susquehanna reiterated a “positive” rating and issued a $230.00 price target on shares of Boeing in a research note on Wednesday, August 14th. Sanford C. Bernstein cut their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. UBS Group dropped their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Stifel Nicolaus boosted their target price on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Bank of America boosted their target price on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, eight 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $215.18.

Boeing Stock Up 0.9 %

Boeing stock traded up $1.48 during trading on Friday, hitting $173.74. The stock had a trading volume of 4,146,190 shares, compared to its average volume of 7,852,250. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The stock’s 50 day moving average is $178.18 and its two-hundred day moving average is $182.46. The stock has a market cap of $106.66 billion, a price-to-earnings ratio of -48.97 and a beta of 1.56.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The company’s revenue was down 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.82) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -2.38 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.