The Boeing Company (NYSE:BA) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its holdings in The Boeing Company (NYSE:BA) by 209.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,864 shares of the aircraft producer’s stock after acquiring an additional 9,381 shares during the quarter. Benjamin Edwards Inc.’s holdings in Boeing were worth $2,108,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BA. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the third quarter valued at $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing in the third quarter valued at $30,000. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing in the second quarter valued at $33,000. Hobbs Group Advisors LLC acquired a new stake in Boeing in the second quarter valued at $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of 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. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE:BA opened at $158.22 on Thursday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54. The stock has a market capitalization of $97.81 billion, a P/E ratio of -12.26 and a beta of 1.56. The stock has a 50-day simple moving average of $151.59 and a 200-day simple moving average of $166.89.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the firm earned ($3.26) EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts predict that The Boeing Company will post -16.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BA. Citigroup cut their price target on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. UBS Group cut their price target on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price target on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Benchmark reaffirmed a “buy” rating and set a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Hold” and an average price target of $190.11.

Boeing Company 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.