Waldron Private Wealth LLC Purchases 461 Shares of The Boeing Company (NYSE:BA)

Waldron Private Wealth LLC grew its holdings in shares of The Boeing Company (NYSE:BA) by 9.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,431 shares of the aircraft producer’s stock after purchasing an additional 461 shares during the quarter. Waldron Private Wealth LLC’s holdings in Boeing were worth $826,000 at the end of the most recent reporting period.

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

Boeing Stock Up 0.0 %

Shares of BA stock opened at $159.85 on Wednesday. The firm has a market cap of $98.13 billion, a P/E ratio of -45.03 and a beta of 1.57. The business has a 50-day moving average price of $160.84 and a two-hundred day moving average price of $172.11. The Boeing Company has a 12-month low of $146.02 and a 12-month high of $267.54.

Boeing (NYSE:BA) last released its 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 during the quarter, compared to the consensus estimate of $17.35 billion. During the same period last year, the firm earned ($0.82) EPS. Boeing’s revenue was down 14.6% compared to the same quarter last year. As a group, research analysts expect that The Boeing Company will post -5.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BA shares. The Goldman Sachs Group cut their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Stifel Nicolaus boosted their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. DZ Bank lowered 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. TD Cowen decreased their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Citigroup cut their target price on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $198.79.

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.