Quotient Wealth Partners LLC Raises Stock Position in The Boeing Company (NYSE:BA)

Quotient Wealth Partners LLC lifted its position in The Boeing Company (NYSE:BA) by 23.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,530 shares of the aircraft producer’s stock after purchasing an additional 292 shares during the period. Quotient Wealth Partners LLC’s holdings in Boeing were worth $233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Chicago Partners Investment Group LLC grew its stake in Boeing by 0.4% during the 4th quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock worth $3,895,000 after buying an additional 56 shares during the last quarter. Madison Park Capital Advisors LLC grew its position in shares of Boeing by 4.9% during the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after acquiring an additional 56 shares during the last quarter. Bridge Creek Capital Management LLC increased its holdings in shares of Boeing by 3.1% in the 1st quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after acquiring an additional 60 shares during the period. Wealth Alliance Advisory Group LLC raised its position in Boeing by 1.6% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after purchasing an additional 60 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its stake in Boeing by 4.2% during the 1st quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock worth $294,000 after purchasing an additional 61 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on BA. The Goldman Sachs Group dropped their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Stifel Nicolaus boosted their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company decreased their price objective on Boeing from $119.00 to $110.00 and set an “underweight” rating for the company in a research report on Tuesday, October 1st. Sanford C. Bernstein dropped their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Finally, Jefferies Financial Group decreased their price target on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $206.00.

Boeing Price Performance

Shares of NYSE:BA opened at $151.05 on Friday. The firm has a market capitalization of $93.07 billion, a price-to-earnings ratio of -26.83 and a beta of 1.57. The business’s 50 day simple moving average is $162.41 and its 200-day simple moving average is $173.94. The Boeing Company has a 12 month low of $146.26 and a 12 month high of $267.54.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter last year, the firm posted ($0.82) EPS. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, equities analysts anticipate that The Boeing Company will post -5.35 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.