Wealth Effects LLC Buys 176 Shares of The Boeing Company (NYSE:BA)

Wealth Effects LLC grew its holdings in The Boeing Company (NYSE:BA) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,172 shares of the aircraft producer’s stock after purchasing an additional 176 shares during the quarter. Wealth Effects LLC’s holdings in Boeing were worth $1,699,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BA. Hobbs Group Advisors LLC purchased a new position in shares of Boeing in the 2nd quarter worth approximately $34,000. McClarren Financial Advisors Inc. grew its position in shares of Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after buying an additional 158 shares during the last quarter. Kiely Wealth Advisory Group Inc. purchased a new position in shares of Boeing in the 2nd quarter worth approximately $33,000. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Boeing in the 2nd quarter worth approximately $39,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Wells Fargo & Company dropped their target price on shares of Boeing from $110.00 to $109.00 and set an “underweight” rating on the stock in a research report on Monday, October 14th. The Goldman Sachs Group dropped their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Citigroup dropped their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Finally, Sanford C. Bernstein decreased their price objective on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a research note on Thursday. Three analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.79.

Boeing Stock Up 3.2 %

Boeing stock traded up $4.93 during trading on Monday, reaching $159.93. The stock had a trading volume of 8,441,072 shares, compared to its average volume of 8,061,994. The stock has a market cap of $98.18 billion, a PE ratio of -45.58 and a beta of 1.57. The Boeing Company has a 52-week low of $146.02 and a 52-week high of $267.54. The business has a 50 day moving average price of $161.10 and a 200 day moving average price of $172.44.

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

Boeing Company 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.