285 Shares in The Boeing Company (NYSE:BA) Bought by Olistico Wealth LLC

Olistico Wealth LLC purchased a new position in The Boeing Company (NYSE:BA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 285 shares of the aircraft producer’s stock, valued at approximately $52,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lynx Investment Advisory bought a new position in shares of Boeing during the second quarter valued at $58,000. Rise Advisors LLC lifted its holdings in shares of Boeing by 268.9% during the second quarter. Rise Advisors LLC now owns 2,922 shares of the aircraft producer’s stock valued at $532,000 after purchasing an additional 2,130 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Boeing by 23.2% during the second quarter. Mather Group LLC. now owns 4,173 shares of the aircraft producer’s stock valued at $805,000 after purchasing an additional 785 shares in the last quarter. Leibman Financial Services Inc. lifted its holdings in shares of Boeing by 5.1% during the second quarter. Leibman Financial Services Inc. now owns 13,986 shares of the aircraft producer’s stock valued at $2,546,000 after purchasing an additional 684 shares in the last quarter. Finally, Thompson Investment Management Inc. lifted its holdings in shares of Boeing by 24.4% during the second quarter. Thompson Investment Management Inc. now owns 28,266 shares of the aircraft producer’s stock valued at $5,145,000 after purchasing an additional 5,550 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

BA traded down $1.80 during trading on Wednesday, hitting $163.24. 4,951,385 shares of the stock were exchanged, compared to its average volume of 8,187,173. The firm has a 50 day simple moving average of $181.52 and a 200 day simple moving average of $186.50. The firm has a market cap of $100.21 billion, a price-to-earnings ratio of -46.69 and a beta of 1.56. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Susquehanna increased their target price on Boeing from $220.00 to $230.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Argus cut Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a research report on Wednesday, April 17th. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, Robert W. Baird cut their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $215.18.

About Boeing

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.