The Boeing Company (NYSE:BA) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in The Boeing Company (NYSE:BA) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,196,648 shares of the aircraft producer’s stock after purchasing an additional 48,637 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.52% of Boeing worth $486,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BA. Cedar Wealth Management LLC bought a new stake in shares of Boeing during the 3rd quarter worth about $30,000. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing during the second quarter worth approximately $33,000. Hobbs Group Advisors LLC bought a new stake in Boeing during the second quarter worth approximately $34,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in Boeing by 351.1% in 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. bought a new position in Boeing during the 2nd quarter valued at $39,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 1.5 %

Shares of NYSE:BA opened at $143.83 on Friday. The firm has a market cap of $88.92 billion, a price-to-earnings ratio of -11.15 and a beta of 1.57. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54. The business has a fifty day simple moving average of $151.85 and a 200 day simple moving average of $168.62.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned ($3.26) earnings per share. On average, sell-side analysts forecast that The Boeing Company will post -16.2 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on BA shares. Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. UBS Group cut 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. 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 report on Tuesday, October 15th. The Goldman Sachs Group cut their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company decreased their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $190.37.

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.