The Boeing Company (NYSE:BA) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its position in The Boeing Company (NYSE:BA) by 47.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,805 shares of the aircraft producer’s stock after buying an additional 1,216 shares during the quarter. GAMMA Investing LLC’s holdings in Boeing were worth $693,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BA. Strategic Blueprint LLC boosted its stake in shares of Boeing by 8.7% during the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after acquiring an additional 264 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Boeing by 41.5% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock worth $4,108,000 after buying an additional 4,622 shares during the period. Orca Investment Management LLC raised its holdings in Boeing by 5.5% in the 4th quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after acquiring an additional 195 shares during the period. One Charles Private Wealth Services LLC acquired a new position in Boeing during the 4th quarter worth $205,000. Finally, J.W. Cole Advisors Inc. lifted its position in Boeing by 5.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock worth $7,594,000 after acquiring an additional 1,596 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BA has been the topic of a number of recent research reports. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a research note on Wednesday, April 17th. JPMorgan Chase & Co. lowered their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Wells Fargo & Company reduced their target price on shares of Boeing from $190.00 to $185.00 and set an “equal weight” rating on the stock in a research note on Friday. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $225.00 price objective on shares of Boeing in a research report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $215.18.

Boeing Stock Down 2.6 %

Shares of NYSE BA traded down $4.45 during trading hours on Monday, reaching $165.50. 7,132,704 shares of the stock traded hands, compared to its average volume of 8,210,553. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The company has a market capitalization of $101.98 billion, a P/E ratio of -45.42 and a beta of 1.56. The company’s 50-day simple moving average is $181.87 and its two-hundred day simple moving average is $187.17.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same period in the previous year, the company earned ($0.82) earnings per share. The firm’s revenue was down 14.6% compared to the same quarter last year. As a group, sell-side analysts forecast that The Boeing Company will post -2.38 earnings per share for the current fiscal year.

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.