The Boeing Company (NYSE:BA) Stake Lifted by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC grew its position in shares of The Boeing Company (NYSE:BA) by 537.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,524 shares of the aircraft producer’s stock after purchasing an additional 6,344 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Boeing were worth $1,144,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp increased its holdings in shares of Boeing by 122.0% during the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after purchasing an additional 1,251,456 shares during the period. International Assets Investment Management LLC increased its stake in Boeing by 289.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock valued at $2,558,790,000 after buying an additional 1,251,165 shares during the period. Wulff Hansen & CO. raised its position in shares of Boeing by 15,039.0% during the 2nd quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock worth $176,073,000 after buying an additional 960,993 shares in the last quarter. Newport Trust Company LLC lifted its stake in shares of Boeing by 1.2% in the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock worth $5,758,830,000 after acquiring an additional 388,633 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Boeing by 79.0% in the first quarter. Canada Pension Plan Investment Board now owns 726,254 shares of the aircraft producer’s stock valued at $140,160,000 after acquiring an additional 320,502 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA opened at $140.19 on Friday. The business has a 50 day simple moving average of $153.20 and a 200 day simple moving average of $169.45. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $267.54. The stock has a market cap of $86.67 billion, a price-to-earnings ratio of -10.87 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the business posted ($3.26) EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that The Boeing Company will post -16.09 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BA. Citigroup lowered their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Jefferies Financial Group dropped their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Wells Fargo & Company reduced their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing has an average rating of “Hold” and a consensus target price of $190.37.

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.