The Boeing Company (NYSE:BA) Shares Purchased by Blue Barn Wealth LLC

Blue Barn Wealth LLC grew its holdings in shares of The Boeing Company (NYSE:BA) by 41.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,843 shares of the aircraft producer’s stock after acquiring an additional 539 shares during the period. Blue Barn Wealth LLC’s holdings in Boeing were worth $335,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC boosted its position in shares of Boeing by 2.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 2,536 shares of the aircraft producer’s stock valued at $661,000 after acquiring an additional 50 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Boeing by 1.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock valued at $1,094,000 after purchasing an additional 50 shares during the period. Davis R M Inc. grew its position in Boeing by 1.8% in the 4th quarter. Davis R M Inc. now owns 2,943 shares of the aircraft producer’s stock worth $767,000 after purchasing an additional 52 shares during the last quarter. Westpac Banking Corp increased its holdings in shares of Boeing by 1.6% during the 4th quarter. Westpac Banking Corp now owns 3,336 shares of the aircraft producer’s stock worth $870,000 after purchasing an additional 54 shares during the period. Finally, Chicago Partners Investment Group LLC raised its position in shares of Boeing by 0.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after buying an additional 56 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BA. Sanford C. Bernstein reduced their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Robert W. Baird dropped their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Bank of America lifted their price objective on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Finally, Stifel Nicolaus increased their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $211.29.

Boeing Stock Down 0.2 %

Shares of Boeing stock opened at $161.85 on Friday. The business has a fifty day simple moving average of $177.02 and a 200 day simple moving average of $181.13. The stock has a market cap of $99.36 billion, a PE ratio of -45.68 and a beta of 1.56. The Boeing Company has a 12 month low of $158.30 and a 12 month high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.82) EPS. Analysts expect that The Boeing Company will post -4.26 EPS for the current fiscal year.

Boeing 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.