The Boeing Company (NYSE:BA) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC increased its stake in The Boeing Company (NYSE:BA) by 3.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 10,936 shares of the aircraft producer’s stock after acquiring an additional 393 shares during the period. Park Avenue Securities LLC’s holdings in Boeing were worth $1,990,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BA. Kingswood Wealth Advisors LLC raised its holdings in shares of Boeing by 40.2% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 19,444 shares of the aircraft producer’s stock valued at $3,539,000 after purchasing an additional 5,572 shares in the last quarter. Olistico Wealth LLC acquired a new stake in Boeing in the 2nd quarter worth $52,000. Lynx Investment Advisory acquired a new stake in Boeing in the 2nd quarter worth $58,000. Rise Advisors LLC grew its position in Boeing by 268.9% in the 2nd quarter. Rise Advisors LLC now owns 2,922 shares of the aircraft producer’s stock worth $532,000 after purchasing an additional 2,130 shares during the last quarter. Finally, Mather Group LLC. grew its position in Boeing by 23.2% in the 2nd quarter. Mather Group LLC. now owns 4,173 shares of the aircraft producer’s stock worth $805,000 after purchasing an additional 785 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays decreased their target price on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Morgan Stanley cut their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Wells Fargo & Company cut their price target on shares of Boeing from $190.00 to $185.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. UBS Group cut their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Finally, Baird R W raised shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $215.18.

Boeing Trading Down 1.1 %

Shares of NYSE BA traded down $1.75 during trading hours on Wednesday, hitting $163.29. 5,179,247 shares of the company traded hands, compared to its average volume of 8,188,667. The company’s 50 day moving average price is $181.52 and its 200 day moving average price is $186.50. The stock has a market capitalization of $100.24 billion, a price-to-earnings ratio of -46.69 and a beta of 1.56. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same period in the previous year, the business posted ($0.82) EPS. The business’s revenue was down 14.6% compared to the same quarter last year. Equities analysts anticipate that The Boeing Company will post -2.38 EPS for the current year.

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.