The Boeing Company (NYSE:BA) Shares Bought by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 3.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,933 shares of the aircraft producer’s stock after buying an additional 135 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Boeing were worth $598,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BA. Global Assets Advisory LLC purchased a new stake in Boeing during the 1st quarter worth about $272,312,000. Vanguard Group Inc. boosted its stake in shares of Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after purchasing an additional 1,222,816 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Boeing by 9,626.0% during the second quarter. Van ECK Associates Corp now owns 1,026,092 shares of the aircraft producer’s stock worth $186,759,000 after buying an additional 1,015,542 shares in the last quarter. Wulff Hansen & CO. raised its position in shares of 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 buying an additional 960,993 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Boeing by 14.1% during the first quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock valued at $811,221,000 after buying an additional 518,952 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on BA shares. Susquehanna lowered their target price on shares of Boeing from $230.00 to $210.00 and set a “positive” rating for the company in a research note on Thursday. Sanford C. Bernstein dropped their target price on Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a research note on Thursday. Wells Fargo & Company decreased their price target on Boeing from $110.00 to $109.00 and set an “underweight” rating on the stock in a research note on Monday, October 14th. The Goldman Sachs Group dropped their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Finally, Stifel Nicolaus raised their target price on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus target price of $198.79.

Boeing Stock Performance

Boeing stock opened at $155.00 on Friday. The Boeing Company has a one year low of $146.02 and a one year high of $267.54. The stock’s 50 day moving average price is $161.10 and its 200 day moving average price is $172.53. The firm has a market capitalization of $95.15 billion, a PE ratio of -43.66 and a beta of 1.57.

Boeing (NYSE:BA) last announced its 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 firm 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 business earned ($0.82) EPS. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. On average, analysts forecast that The Boeing Company will post -5.35 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.