Valley Wealth Managers Inc. Has $83,000 Position in The Boeing Company (NYSE:BA)

Valley Wealth Managers Inc. grew its stake in The Boeing Company (NYSE:BA) by 40.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 546 shares of the aircraft producer’s stock after buying an additional 158 shares during the period. Valley Wealth Managers Inc.’s holdings in Boeing were worth $83,000 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. Blue Barn Wealth LLC bought a new stake in Boeing during the first quarter valued at $252,000. Allstate Corp boosted its position in shares of Boeing by 10.8% during the 1st quarter. Allstate Corp now owns 1,845 shares of the aircraft producer’s stock valued at $356,000 after purchasing an additional 180 shares in the last quarter. Patten & Patten Inc. TN grew its stake in Boeing by 12.6% during the first quarter. Patten & Patten Inc. TN now owns 12,998 shares of the aircraft producer’s stock worth $2,509,000 after purchasing an additional 1,452 shares during the period. Chiron Capital Management LLC increased its holdings in Boeing by 12.8% in the first quarter. Chiron Capital Management LLC now owns 1,758 shares of the aircraft producer’s stock worth $339,000 after purchasing an additional 200 shares in the last quarter. Finally, Northern Capital Management Inc. lifted its stake in Boeing by 13.3% in the first quarter. Northern Capital Management Inc. now owns 2,316 shares of the aircraft producer’s stock valued at $447,000 after buying an additional 271 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Up 1.5 %

BA stock opened at $140.18 on Friday. The business has a 50 day moving average of $153.20 and a 200-day moving average of $169.44. The firm has a market cap of $86.66 billion, a PE ratio of -10.87 and a beta of 1.57. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $267.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. Boeing’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted ($3.26) earnings per share. On average, research analysts expect that The Boeing Company will post -16.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BA shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. Benchmark reiterated a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Wells Fargo & Company reduced their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Robert W. Baird dropped their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, 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 research note on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $190.37.

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.