Janney Capital Management LLC Has $427,000 Position in The Boeing Company (NYSE:BA)

Janney Capital Management LLC grew its stake in The Boeing Company (NYSE:BA) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,809 shares of the aircraft producer’s stock after purchasing an additional 150 shares during the period. Janney Capital Management LLC’s holdings in Boeing were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Lazari Capital Management Inc. boosted its position in Boeing by 55.7% during the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after buying an additional 8,309 shares during the period. Czech National Bank boosted its position in Boeing by 8.4% during the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after buying an additional 9,281 shares during the period. BSN CAPITAL PARTNERS Ltd acquired a new stake in Boeing during the 3rd quarter worth approximately $11,237,000. Sanctuary Advisors LLC acquired a new stake in Boeing during the 2nd quarter worth approximately $21,405,000. Finally, Williams Financial LLC acquired a new stake in Boeing during the 2nd quarter worth approximately $1,637,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BA shares. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Tuesday, October 15th. Wells Fargo & Company cut their target price on shares of Boeing from $109.00 to $86.00 and set an “underweight” rating on the stock in a research report on Thursday, October 24th. UBS Group lowered their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Robert W. Baird lowered their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Citigroup lowered their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $190.42.

Boeing Trading Up 3.5 %

Shares of BA stock opened at $154.59 on Monday. The firm has a market capitalization of $95.57 billion, a PE ratio of -11.98 and a beta of 1.57. The firm has a fifty day simple moving average of $157.46 and a two-hundred day simple moving average of $171.01. The Boeing Company has a 12 month low of $146.02 and a 12 month high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.26) EPS. On average, equities analysts predict that The Boeing Company will post -16.15 earnings per share 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.