The Boeing Company (NYSE:BA) Shares Purchased by Financial Partners Group LLC

Financial Partners Group LLC raised its position in The Boeing Company (NYSE:BA) by 33.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,861 shares of the aircraft producer’s stock after acquiring an additional 1,958 shares during the quarter. Financial Partners Group LLC’s holdings in Boeing were worth $1,195,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC lifted its stake in shares of Boeing by 5.3% in the third quarter. Mount Yale Investment Advisors LLC now owns 3,250 shares of the aircraft producer’s stock worth $494,000 after acquiring an additional 163 shares in the last quarter. Rowlandmiller & PARTNERS.ADV increased its holdings in Boeing by 2.6% during the 3rd quarter. Rowlandmiller & PARTNERS.ADV now owns 9,345 shares of the aircraft producer’s stock worth $1,421,000 after purchasing an additional 240 shares during the last quarter. Dakota Wealth Management raised its position in shares of Boeing by 4.3% in the 3rd quarter. Dakota Wealth Management now owns 10,386 shares of the aircraft producer’s stock valued at $1,579,000 after purchasing an additional 425 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Boeing by 0.4% during the 3rd quarter. IFM Investors Pty Ltd now owns 23,856 shares of the aircraft producer’s stock valued at $3,627,000 after buying an additional 86 shares during the last quarter. Finally, Pinnacle West Asset Management Inc. grew its position in shares of Boeing by 7.8% during the third quarter. Pinnacle West Asset Management Inc. now owns 4,695 shares of the aircraft producer’s stock worth $714,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BA shares. Susquehanna cut their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday. Wells Fargo & Company cut their price objective on Boeing from $109.00 to $86.00 and set an “underweight” rating on the stock in a research note on Thursday. Sanford C. Bernstein reduced their target price on Boeing from $207.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday. Finally, DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $191.79.

Boeing Trading Down 1.2 %

Shares of NYSE BA opened at $155.19 on Friday. The Boeing Company has a 12-month low of $146.02 and a 12-month high of $267.54. The company has a market cap of $95.27 billion, a PE ratio of -43.72 and a beta of 1.57. The stock has a 50 day simple moving average of $160.61 and a 200-day simple moving average of $172.01.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.26) EPS. Sell-side analysts forecast that The Boeing Company will post -5.35 earnings per share for the current fiscal 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.