The Boeing Company (NYSE:BA) Shares Bought by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC grew its stake in shares of The Boeing Company (NYSE:BAGet Rating) by 41.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,225 shares of the aircraft producer’s stock after purchasing an additional 649 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Boeing were worth $304,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Meridian Wealth Partners LLC boosted its stake in shares of Boeing by 4.4% in the 4th quarter. Meridian Wealth Partners LLC now owns 1,308 shares of the aircraft producer’s stock valued at $263,000 after purchasing an additional 55 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Boeing by 0.5% during the 1st quarter. Lindbrook Capital LLC now owns 11,361 shares of the aircraft producer’s stock worth $2,176,000 after acquiring an additional 56 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in Boeing by 42.1% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 189 shares of the aircraft producer’s stock worth $36,000 after acquiring an additional 56 shares during the last quarter. Confluence Wealth Services Inc. boosted its stake in Boeing by 2.7% during the 1st quarter. Confluence Wealth Services Inc. now owns 2,460 shares of the aircraft producer’s stock worth $471,000 after acquiring an additional 64 shares during the last quarter. Finally, Weik Capital Management boosted its stake in Boeing by 1.3% during the 4th quarter. Weik Capital Management now owns 5,029 shares of the aircraft producer’s stock worth $1,012,000 after acquiring an additional 65 shares during the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 3.2 %

NYSE BA opened at $138.71 on Friday. The Boeing Company has a 12-month low of $113.02 and a 12-month high of $233.94. The company has a market capitalization of $82.37 billion, a PE ratio of -15.50 and a beta of 1.35. The firm’s 50 day moving average is $158.67 and its 200-day moving average is $156.08.

Boeing (NYSE:BAGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.23). The firm had revenue of $16.68 billion for the quarter, compared to the consensus estimate of $17.53 billion. During the same quarter in the previous year, the business earned $0.40 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that The Boeing Company will post -1.95 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BA shares. Royal Bank of Canada set a $200.00 price objective on shares of Boeing in a research note on Thursday, September 15th. Bank of America lifted their price objective on shares of Boeing from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 7th. Benchmark reduced their price objective on shares of Boeing from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, July 15th. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $188.00 to $200.00 in a research note on Thursday, July 28th. Finally, Wells Fargo & Company cut their price target on shares of Boeing from $214.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.07.

Boeing Profile

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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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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