Raymond James & Associates Buys 24,443 Shares of The Boeing Company (NYSE:BA)

Raymond James & Associates boosted its stake in The Boeing Company (NYSE:BA) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 993,170 shares of the aircraft producer’s stock after purchasing an additional 24,443 shares during the period. Raymond James & Associates’ holdings in Boeing were worth $151,001,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new stake in Boeing in the 2nd quarter worth approximately $34,000. McClarren Financial Advisors Inc. grew its position in shares of Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after acquiring an additional 158 shares during the period. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing during the 2nd quarter valued at $33,000. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after acquiring an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Boeing during the 2nd quarter valued at $39,000. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of a number of recent research reports. Citigroup cut their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Wells Fargo & Company dropped their target price on shares of Boeing from $110.00 to $109.00 and set an “underweight” rating for the company in a report on Monday, October 14th. Sanford C. Bernstein dropped their target price on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday. TD Cowen decreased their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, October 14th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $198.79.

Boeing Trading Down 0.2 %

NYSE BA opened at $155.00 on Friday. The company has a fifty day simple moving average of $161.10 and a two-hundred day simple moving average of $172.53. The stock has a market cap of $95.15 billion, a P/E ratio of -43.66 and a beta of 1.57. The Boeing Company has a 12-month low of $146.02 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 the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.82) EPS. As a group, sell-side analysts forecast that The Boeing Company will post -5.35 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.