The Boeing Company (NYSE:BA) Stock Holdings Increased by Court Place Advisors LLC

Court Place Advisors LLC grew its position in shares of The Boeing Company (NYSE:BA) by 9.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,765 shares of the aircraft producer’s stock after buying an additional 145 shares during the period. Court Place Advisors LLC’s holdings in Boeing were worth $268,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Hobbs Group Advisors LLC bought a new position in Boeing during the second quarter worth $34,000. McClarren Financial Advisors Inc. raised its holdings in shares of Boeing by 451.4% during the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares during the period. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing in the 2nd quarter valued at about $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 buying an additional 165 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Boeing during the second quarter worth about $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BA shares. Susquehanna cut their price target on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday. The Goldman Sachs Group reduced their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Stifel Nicolaus increased their price objective on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Jefferies Financial Group reduced their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report 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 given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.79.

Boeing Trading Up 1.1 %

NYSE:BA traded up $1.73 during mid-day trading on Friday, reaching $156.93. 1,815,046 shares of the stock were exchanged, compared to its average volume of 8,096,203. The business has a fifty day moving average price of $160.61 and a 200 day moving average price of $172.01. The Boeing Company has a 1-year low of $146.02 and a 1-year high of $267.54. The firm has a market capitalization of $96.34 billion, a PE ratio of -43.72 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the company earned ($3.26) earnings per share. Boeing’s revenue was down 1.5% on a year-over-year basis. On average, 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.