Atticus Wealth Management LLC Has $80,000 Stake in The Boeing Company (NYSE:BA)

Atticus Wealth Management LLC grew its stake in The Boeing Company (NYSE:BA) by 29.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 414 shares of the aircraft producer’s stock after purchasing an additional 94 shares during the period. Atticus Wealth Management LLC’s holdings in Boeing were worth $80,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Capital Research Global Investors boosted its position in shares of Boeing by 35.5% during the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after acquiring an additional 4,425,964 shares in the last quarter. Jennison Associates LLC bought a new position in Boeing during the 4th quarter valued at about $960,397,000. Wellington Management Group LLP lifted its holdings in Boeing by 563.9% during the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock valued at $896,434,000 after purchasing an additional 2,921,043 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after purchasing an additional 1,884,850 shares during the last quarter. Finally, Boston Partners lifted its holdings in Boeing by 861.6% during the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after purchasing an additional 1,617,151 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Down 0.3 %

BA stock traded down $0.50 during mid-day trading on Friday, hitting $182.01. The stock had a trading volume of 5,899,850 shares, compared to its average volume of 5,801,654. The firm has a fifty day simple moving average of $178.50 and a 200 day simple moving average of $198.42. The firm has a market capitalization of $111.73 billion, a P/E ratio of -51.27 and a beta of 1.55. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. As a group, equities analysts expect that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on BA shares. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price for the company. in a research note on Wednesday, April 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $240.00 target price on shares of Boeing in a research note on Wednesday, May 15th. UBS Group dropped their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Susquehanna reiterated a “positive” rating and set a $230.00 price target on shares of Boeing in a research report on Wednesday, May 15th. Finally, Citigroup lowered their price target on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing 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.