The Boeing Company (NYSE:BA) Stock Holdings Lifted by Chaney Capital Management Inc.

Chaney Capital Management Inc. raised its stake in The Boeing Company (NYSE:BA) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,812 shares of the aircraft producer’s stock after buying an additional 100 shares during the period. Boeing makes up about 0.2% of Chaney Capital Management Inc.’s investment portfolio, making the stock its 25th largest holding. Chaney Capital Management Inc.’s holdings in Boeing were worth $428,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Kiely Wealth Advisory Group Inc. purchased a new stake in Boeing in the 2nd quarter worth about $33,000. Hobbs Group Advisors LLC purchased a new stake in shares of Boeing in the second quarter worth approximately $34,000. McClarren Financial Advisors Inc. boosted 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. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Boeing during the second quarter worth approximately $39,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of several research reports. UBS Group decreased their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Jefferies Financial Group decreased their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. JPMorgan Chase & Co. decreased their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, October 14th. Citigroup decreased their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, Stifel Nicolaus lifted their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $190.42.

Boeing Trading Up 0.1 %

Shares of BA stock opened at $154.70 on Monday. The Boeing Company has a 1 year low of $146.02 and a 1 year high of $267.54. The firm’s fifty day simple moving average is $157.46 and its 200 day simple moving average is $171.01. The firm has a market capitalization of $95.64 billion, a P/E ratio of -11.98 and a beta of 1.57.

Boeing (NYSE:BA) last announced its 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 company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the business earned ($3.26) earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts anticipate that The Boeing Company will post -16.15 EPS 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.