Thoroughbred Financial Services LLC Boosts Stock Holdings in The Boeing Company (NYSE:BA)

Thoroughbred Financial Services LLC lifted its holdings in The Boeing Company (NYSE:BA) by 5.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 10,803 shares of the aircraft producer’s stock after acquiring an additional 520 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Boeing were worth $1,966,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Sanders Morris Harris LLC boosted its position in Boeing by 869.1% during the first quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock worth $4,395,000 after purchasing an additional 20,425 shares during the period. Park Avenue Securities LLC raised its stake in shares of Boeing by 20.7% during the first quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock worth $2,035,000 after acquiring an additional 1,805 shares in the last quarter. Williams Financial LLC bought a new stake in Boeing in the second quarter worth $1,637,000. Dakota Wealth Management lifted its stake in shares of Boeing by 47.1% in the 1st quarter. Dakota Wealth Management now owns 12,730 shares of the aircraft producer’s stock valued at $2,457,000 after acquiring an additional 4,078 shares during the last quarter. Finally, Granite Bay Wealth Management LLC bought a new stake in Boeing in the second quarter valued at approximately $561,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 target price on shares of Boeing in a report on Tuesday, June 25th. Sanford C. Bernstein dropped their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Wells Fargo & Company restated an “underweight” rating and set a $119.00 price target (down from $185.00) on shares of Boeing in a research note on Tuesday, September 3rd. Bank of America upped their price objective on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. Finally, Robert W. Baird decreased their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.29.

Boeing Price Performance

BA stock opened at $156.77 on Friday. The Boeing Company has a 12 month low of $155.60 and a 12 month high of $267.54. The company has a market capitalization of $96.60 billion, a P/E ratio of -44.16 and a beta of 1.57. The firm’s fifty day simple moving average is $174.10 and its 200-day simple moving average is $179.23.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The company’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.82) EPS. As a group, sell-side analysts forecast that The Boeing Company will post -4.26 earnings per share for the current year.

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.