Buckley Wealth Management LLC Sells 1,045 Shares of Boeing Co (NYSE:BA)

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Buckley Wealth Management LLC lessened its position in Boeing Co (NYSE:BA) by 14.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,095 shares of the aircraft producer’s stock after selling 1,045 shares during the quarter. Boeing accounts for 1.1% of Buckley Wealth Management LLC’s portfolio, making the stock its 22nd largest position. Buckley Wealth Management LLC’s holdings in Boeing were worth $2,319,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CFO4Life Group LLC increased its position in Boeing by 5.2% during the 2nd quarter. CFO4Life Group LLC now owns 627 shares of the aircraft producer’s stock valued at $228,000 after purchasing an additional 31 shares during the period. Accredited Investors Inc. increased its position in Boeing by 2.0% during the 2nd quarter. Accredited Investors Inc. now owns 1,607 shares of the aircraft producer’s stock valued at $585,000 after purchasing an additional 32 shares during the period. Northwest Bancshares Inc. increased its position in Boeing by 1.8% during the 2nd quarter. Northwest Bancshares Inc. now owns 1,871 shares of the aircraft producer’s stock valued at $681,000 after purchasing an additional 33 shares during the period. Winch Advisory Services LLC increased its position in Boeing by 11.5% during the 2nd quarter. Winch Advisory Services LLC now owns 319 shares of the aircraft producer’s stock valued at $116,000 after purchasing an additional 33 shares during the period. Finally, Nicholas Hoffman & Company LLC. increased its position in Boeing by 1.6% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 2,061 shares of the aircraft producer’s stock valued at $750,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 67.85% of the company’s stock.

A number of research firms have commented on BA. Berenberg Bank set a $440.00 target price on shares of Boeing and gave the company a “buy” rating in a research report on Friday. Citigroup set a $430.00 target price on shares of Boeing and gave the company a “buy” rating in a research report on Monday, July 15th. Bank of America cut their target price on shares of Boeing from $420.00 to $415.00 and set a “neutral” rating on the stock in a research report on Wednesday. Wolfe Research downgraded shares of Boeing from an “outperform” rating to a “peer perform” rating and cut their target price for the company from $404.00 to $393.00 in a research report on Thursday, July 25th. Finally, Cowen reissued a “buy” rating and set a $460.00 target price on shares of Boeing in a research report on Friday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Boeing presently has an average rating of “Hold” and a consensus target price of $403.10.

Shares of Boeing stock traded up $3.72 on Friday, reaching $374.72. The stock had a trading volume of 349,025 shares, compared to its average volume of 3,719,077. The company has a 50 day moving average price of $370.70 and a 200 day moving average price of $362.49. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. Boeing Co has a 1 year low of $292.47 and a 1 year high of $446.01. The stock has a market capitalization of $210.51 billion, a P/E ratio of 23.42, a P/E/G ratio of 12.21 and a beta of 1.25.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $1.07. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The firm had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.05 billion. During the same quarter in the previous year, the firm earned $3.33 EPS. The company’s quarterly revenue was down 35.1% compared to the same quarter last year. On average, analysts forecast that Boeing Co will post 3.71 earnings per share for the current fiscal year.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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