Pure Portfolios Holdings LLC Buys New Stake in The Boeing Company (NYSE:BA)

Pure Portfolios Holdings LLC purchased a new position in shares of The Boeing Company (NYSE:BA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,546 shares of the aircraft producer’s stock, valued at approximately $387,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC increased its stake in Boeing by 20.7% during the first quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock worth $2,035,000 after purchasing an additional 1,805 shares during the period. Gulf International Bank UK Ltd lifted its holdings in Boeing by 5.4% during the 1st quarter. Gulf International Bank UK Ltd now owns 3,701 shares of the aircraft producer’s stock worth $714,000 after buying an additional 188 shares in the last quarter. &PARTNERS boosted its position in Boeing by 110.7% in the 1st quarter. &PARTNERS now owns 3,589 shares of the aircraft producer’s stock valued at $682,000 after buying an additional 1,886 shares during the period. Traynor Capital Management Inc. grew its stake in shares of Boeing by 2.5% in the first quarter. Traynor Capital Management Inc. now owns 49,084 shares of the aircraft producer’s stock worth $9,473,000 after acquiring an additional 1,179 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in shares of Boeing during the first quarter worth $272,312,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Down 0.2 %

Shares of NYSE BA opened at $155.00 on Friday. The stock has a market cap of $95.15 billion, a P/E ratio of -43.66 and a beta of 1.57. The stock has a 50 day moving average of $161.10 and a two-hundred day moving average of $172.53. The Boeing Company has a twelve month low of $146.02 and a twelve month high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share 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. During the same period in the prior year, the company posted ($0.82) EPS. Boeing’s revenue for the quarter was down 14.6% compared to the same quarter last year. As a group, research analysts predict that The Boeing Company will post -5.35 earnings per share for the current year.

Analysts Set New Price Targets

BA has been the subject of a number of recent research reports. Jefferies Financial Group decreased their target price on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. TD Cowen lowered their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Sanford C. Bernstein reduced their target price on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, October 15th. Finally, Stifel Nicolaus increased their price objective on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $198.79.

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.