The Boeing Company (NYSE:BA) Shares Purchased by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC raised its stake in shares of The Boeing Company (NYSE:BA) by 537.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,524 shares of the aircraft producer’s stock after buying an additional 6,344 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Boeing were worth $1,144,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing in the second quarter valued at approximately $33,000. Hobbs Group Advisors LLC acquired a new position in Boeing in the 2nd quarter valued at $34,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake 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 worth $39,000 after purchasing an additional 165 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Boeing during the second quarter worth $39,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Boeing in the second quarter valued at $41,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $140.19 on Friday. The firm has a market cap of $86.67 billion, a P/E ratio of -10.87 and a beta of 1.57. The firm has a fifty day moving average of $153.20 and a two-hundred day moving average of $169.45. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $267.54.

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 business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the firm earned ($3.26) EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts expect that The Boeing Company will post -16.09 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on BA. Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Wells Fargo & Company lowered their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. cut their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, October 14th. Jefferies Financial Group lowered their price objective 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, TD Cowen cut their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $190.37.

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.