Quantbot Technologies LP Makes New Investment in The Boeing Company (NYSE:BA)

Quantbot Technologies LP bought a new stake in The Boeing Company (NYSE:BA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,519 shares of the aircraft producer’s stock, valued at approximately $1,295,000.

Other large investors also recently made changes to their positions in the company. Madison Park Capital Advisors LLC raised its stake in Boeing by 4.9% during the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after buying an additional 56 shares during the last quarter. Wealth Alliance Advisory Group LLC increased its position in Boeing by 1.6% during the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after acquiring an additional 60 shares during the last quarter. IMS Capital Management lifted its holdings in Boeing by 0.4% in the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after acquiring an additional 62 shares during the period. ADE LLC grew its stake in shares of Boeing by 4.4% during the 2nd quarter. ADE LLC now owns 1,539 shares of the aircraft producer’s stock valued at $280,000 after purchasing an additional 65 shares during the period. Finally, Peoples Financial Services CORP. increased its position in shares of Boeing by 0.8% during the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of BA opened at $155.44 on Friday. The stock has a market capitalization of $96.09 billion, a price-to-earnings ratio of -12.05 and a beta of 1.57. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54. The business’s 50 day simple moving average is $151.48 and its 200-day simple moving average is $167.41.

Boeing (NYSE:BA) last released its quarterly earnings data 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 business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the business earned ($3.26) EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts expect that The Boeing Company will post -16.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. TD Cowen cut their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Citigroup decreased their target price on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Jefferies Financial Group cut 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. Finally, DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $190.11.

Boeing 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.