Financial Partners Group LLC Increases Position in The Boeing Company (NYSE:BA)

Financial Partners Group LLC grew its holdings in The Boeing Company (NYSE:BA) by 25.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,903 shares of the aircraft producer’s stock after purchasing an additional 1,179 shares during the quarter. Financial Partners Group LLC’s holdings in Boeing were worth $1,074,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BA. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $26,000. DiNuzzo Private Wealth Inc. acquired a new position in Boeing in the fourth quarter valued at approximately $28,000. Evolution Advisers Inc. purchased a new position in Boeing in the fourth quarter worth approximately $28,000. Vima LLC acquired a new stake in Boeing during the fourth quarter worth $34,000. Finally, Accent Capital Management LLC purchased a new stake in Boeing in the fourth quarter valued at $39,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Baird R W raised shares of Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 price target on shares of Boeing in a research report on Tuesday, June 25th. Citigroup reduced their target price on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Royal Bank of Canada reduced their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Finally, Argus lowered Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average target price of $215.18.

Boeing Stock Down 2.2 %

NYSE:BA traded down $3.71 during trading hours on Monday, reaching $164.20. 4,709,648 shares of the company’s stock were exchanged, compared to its average volume of 8,122,750. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The firm has a market capitalization of $100.80 billion, a price-to-earnings ratio of -46.25 and a beta of 1.56. The company has a 50-day moving average of $180.67 and a 200 day moving average of $185.24.

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. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period last year, the business earned ($0.82) EPS. Research analysts forecast that The Boeing Company will post -2.38 EPS for the current fiscal 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.