ORG Partners LLC Grows Holdings in The Boeing Company (NYSE:BA)

ORG Partners LLC increased its stake in The Boeing Company (NYSE:BA) by 43,990.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,409 shares of the aircraft producer’s stock after buying an additional 4,399 shares during the period. ORG Partners LLC’s holdings in Boeing were worth $818,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Carnegie Capital Asset Management LLC grew its holdings in shares of Boeing by 50.9% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 5,676 shares of the aircraft producer’s stock valued at $1,480,000 after purchasing an additional 1,915 shares during the last quarter. Grove Bank & Trust boosted its position in shares of Boeing by 136.8% in the 4th quarter. Grove Bank & Trust now owns 1,113 shares of the aircraft producer’s stock valued at $290,000 after purchasing an additional 643 shares during the period. Waldron Private Wealth LLC grew its holdings in shares of Boeing by 4.5% during the fourth quarter. Waldron Private Wealth LLC now owns 4,700 shares of the aircraft producer’s stock valued at $1,225,000 after buying an additional 202 shares in the last quarter. Lam Group Inc. grew its holdings in shares of Boeing by 10.0% during the 4th quarter. Lam Group Inc. now owns 5,499 shares of the aircraft producer’s stock valued at $1,433,000 after acquiring an additional 500 shares in the last quarter. Finally, Cullen Investment Group LTD. acquired a new position in Boeing in the 4th quarter worth about $1,328,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Up 1.7 %

NYSE:BA traded up $2.91 during trading hours on Thursday, reaching $171.41. The company had a trading volume of 843,940 shares, compared to its average volume of 8,038,758. The firm has a market capitalization of $105.23 billion, a PE ratio of -47.45 and a beta of 1.56. The stock has a 50-day moving average of $179.84 and a two-hundred day moving average of $184.87. The Boeing Company has a one year low of $159.70 and a one year high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate 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. The firm’s revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.82) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post -2.38 earnings per share for the current year.

Analysts Set New Price Targets

BA has been the subject of several recent research reports. Barclays lowered their price target on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 22nd. Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Citigroup cut their price target 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. Susquehanna reiterated a “positive” rating and issued a $230.00 price objective on shares of Boeing in a report on Wednesday. Finally, Baird R W upgraded Boeing to a “strong-buy” rating in a report on Monday, June 3rd. 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 given a strong buy rating to the company’s stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $215.18.

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.