Raymond James Trust N.A. grew its holdings in shares of The Boeing Company (NYSE:BA – Get Rating) by 5.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,182 shares of the aircraft producer’s stock after buying an additional 1,110 shares during the period. Raymond James Trust N.A.’s holdings in Boeing were worth $3,033,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Lloyd Advisory Services LLC. boosted its holdings in shares of Boeing by 1,092.3% during the 1st quarter. Lloyd Advisory Services LLC. now owns 155 shares of the aircraft producer’s stock worth $30,000 after buying an additional 142 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Boeing by 42.1% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 189 shares of the aircraft producer’s stock worth $36,000 after purchasing an additional 56 shares in the last quarter. Delos Wealth Advisors LLC lifted its holdings in shares of Boeing by 6,466.7% in the 4th quarter. Delos Wealth Advisors LLC now owns 197 shares of the aircraft producer’s stock worth $40,000 after purchasing an additional 194 shares in the last quarter. Laurel Wealth Planning LLC bought a new position in shares of Boeing in the 1st quarter worth $48,000. Finally, Karlinski Andrew C bought a new position in shares of Boeing in the 1st quarter worth $48,000. 57.10% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
BA has been the topic of a number of recent research reports. Royal Bank of Canada set a $200.00 target price on Boeing in a report on Thursday, September 15th. The Goldman Sachs Group reissued a “buy” rating and issued a $281.00 price target on shares of Boeing in a research report on Tuesday, August 23rd. Citigroup raised Boeing from a “neutral” rating to a “buy” rating and decreased their target price for the company from $219.00 to $209.00 in a research report on Thursday, June 16th. Bank of America lifted their price objective on Boeing from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, September 7th. Finally, Benchmark decreased their price objective on Boeing from $250.00 to $200.00 and set a “buy” rating for the company in a report on Friday, July 15th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $218.07.
Boeing Price Performance
Boeing (NYSE:BA – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.23). The company had revenue of $16.68 billion during the quarter, compared to analysts’ expectations of $17.53 billion. During the same period in the previous year, the company posted $0.40 EPS. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Research analysts anticipate that The Boeing Company will post -1.95 EPS 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 through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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