Jade Capital Advisors LLC Invests $4.71 Million in The Boeing Company (NYSE:BA)

Jade Capital Advisors LLC acquired a new stake in The Boeing Company (NYSE:BA) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 31,000 shares of the aircraft producer’s stock, valued at approximately $4,713,000. Boeing comprises approximately 3.0% of Jade Capital Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding.

Several other large investors also recently added to or reduced their stakes in BA. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing during the 2nd quarter worth about $33,000. Hobbs Group Advisors LLC acquired a new stake in shares of Boeing during the 2nd quarter worth about $34,000. McClarren Financial Advisors Inc. grew its stake in Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after buying an additional 158 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Boeing during the 2nd quarter worth approximately $39,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on BA. Stifel Nicolaus lifted their target price on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group reduced their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Susquehanna cut their price target on Boeing from $230.00 to $210.00 and set a “positive” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. cut their price target on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, October 14th. Finally, Jefferies Financial Group lowered their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.79.

Boeing Trading Up 3.1 %

Shares of NYSE BA opened at $159.82 on Tuesday. The company has a fifty day moving average price of $161.01 and a 200 day moving average price of $172.28. The Boeing Company has a 1-year low of $146.02 and a 1-year high of $267.54. The firm has a market cap of $98.11 billion, a PE ratio of -45.02 and a beta of 1.57.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.82) earnings per share. Equities research analysts forecast that The Boeing Company will post -5.35 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.