Douglas Lane & Associates LLC Purchases 43,896 Shares of The Boeing Company (NYSE:BA)

Douglas Lane & Associates LLC increased its position in The Boeing Company (NYSE:BA) by 12.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 408,698 shares of the aircraft producer’s stock after buying an additional 43,896 shares during the quarter. Douglas Lane & Associates LLC owned 0.07% of Boeing worth $62,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Lazari Capital Management Inc. lifted its position in Boeing by 55.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after buying an additional 8,309 shares during the last quarter. Sanders Morris Harris LLC lifted its position in Boeing by 869.1% in the first quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock valued at $4,395,000 after purchasing an additional 20,425 shares during the last quarter. Czech National Bank lifted its position in Boeing by 8.4% in the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after purchasing an additional 9,281 shares during the last quarter. Park Avenue Securities LLC lifted its position in Boeing by 20.7% in the first quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock valued at $2,035,000 after purchasing an additional 1,805 shares during the last quarter. Finally, BSN CAPITAL PARTNERS Ltd bought a new stake in Boeing in the third quarter valued at approximately $11,237,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 3.0 %

Shares of NYSE BA traded up $4.40 during trading on Friday, reaching $151.02. The company had a trading volume of 10,688,553 shares, compared to its average volume of 8,051,483. The Boeing Company has a 12-month low of $146.26 and a 12-month high of $267.54. The stock has a market cap of $92.71 billion, a PE ratio of -42.54 and a beta of 1.57. The business’s 50-day moving average is $162.41 and its 200 day moving average is $173.85.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter in the previous year, the business earned ($0.82) earnings per share. Boeing’s revenue was down 14.6% compared to the same quarter last year. On average, analysts anticipate that The Boeing Company will post -5.35 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Sanford C. Bernstein lowered their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. The Goldman Sachs Group decreased their target price on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. TD Cowen decreased their target price on Boeing from $230.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Finally, Susquehanna restated a “positive” rating and set a $230.00 target price on shares of Boeing in a report on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $206.00.

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.