The Boeing Company (NYSE:BA) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its position in The Boeing Company (NYSE:BA) by 14.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,846 shares of the aircraft producer’s stock after purchasing an additional 1,970 shares during the period. Axxcess Wealth Management LLC’s holdings in Boeing were worth $2,884,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new position in Boeing during the 4th quarter worth approximately $26,000. Vima LLC acquired a new stake in shares of Boeing in the fourth quarter worth $34,000. Accent Capital Management LLC purchased a new position in shares of Boeing during the fourth quarter worth $39,000. Frank Rimerman Advisors LLC acquired a new position in Boeing during the fourth quarter valued at $48,000. Finally, Hobbs Group Advisors LLC purchased a new stake in Boeing in the second quarter valued at $34,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 price objective on shares of Boeing in a research note on Tuesday, June 25th. Wells Fargo & Company reissued an “underweight” rating and issued a $119.00 price target (down from $185.00) on shares of Boeing in a report on Tuesday, September 3rd. Baird R W raised shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Robert W. Baird decreased their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Finally, Sanford C. Bernstein lowered their price target on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $211.29.

Boeing Price Performance

Shares of NYSE:BA opened at $156.38 on Wednesday. The Boeing Company has a 1 year low of $154.02 and a 1 year high of $267.54. The firm has a market capitalization of $96.00 billion, a PE ratio of -44.05 and a beta of 1.57. The business’s 50 day moving average price is $172.95 and its 200-day moving average price is $178.39.

Boeing (NYSE:BA) last announced its 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 business had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. The firm’s revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.82) earnings per share. As a group, analysts expect that The Boeing Company will post -4.26 earnings per share for the current 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.