Adamsbrown Wealth Consultants LLC Boosts Stock Position in The Boeing Company (NYSE:BA)

Adamsbrown Wealth Consultants LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 8.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,204 shares of the aircraft producer’s stock after buying an additional 173 shares during the period. Adamsbrown Wealth Consultants LLC’s holdings in Boeing were worth $335,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in Boeing by 563.9% in 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. Global Assets Advisory LLC purchased a new position in Boeing in the first quarter worth approximately $272,312,000. Vanguard Group Inc. increased its stake in Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after acquiring an additional 1,222,816 shares during the last quarter. Van ECK Associates Corp raised its position in Boeing by 9,626.0% in the second quarter. Van ECK Associates Corp now owns 1,026,092 shares of the aircraft producer’s stock valued at $186,759,000 after purchasing an additional 1,015,542 shares during the period. Finally, Wulff Hansen & CO. raised its position in Boeing by 15,039.0% in the second quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after purchasing an additional 960,993 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BA. Deutsche Bank Aktiengesellschaft cut their price objective on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Stifel Nicolaus lifted their price target on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Jefferies Financial Group decreased their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. TD Cowen lowered their price objective on shares of Boeing from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. Finally, Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $206.00.

Boeing Stock Down 2.8 %

NYSE BA traded down $4.18 on Monday, hitting $146.84. 2,415,443 shares of the stock were exchanged, compared to its average volume of 8,024,760. The Boeing Company has a fifty-two week low of $146.02 and a fifty-two week high of $267.54. The company has a 50-day moving average price of $162.41 and a 200-day moving average price of $173.72. The company has a market cap of $90.14 billion, a PE ratio of -42.54 and a beta of 1.57.

Boeing (NYSE:BA) last issued 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 company had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same period in the prior year, the firm posted ($0.82) EPS. The company’s quarterly revenue was down 14.6% on a year-over-year basis. As a group, equities research analysts predict that The Boeing Company will post -5.35 EPS 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.