Simplicity Wealth LLC trimmed its holdings in The Boeing Company (NYSE:BA - Free Report) by 69.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,681 shares of the aircraft producer's stock after selling 15,010 shares during the quarter. Simplicity Wealth LLC's holdings in Boeing were worth $1,016,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC boosted its stake in Boeing by 0.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer's stock valued at $3,895,000 after buying an additional 56 shares in the last quarter. Madison Park Capital Advisors LLC grew its stake in shares of Boeing by 4.9% in the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer's stock worth $219,000 after purchasing an additional 56 shares during the last quarter. Bridge Creek Capital Management LLC raised its holdings in shares of Boeing by 3.1% in the 1st quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer's stock worth $383,000 after purchasing an additional 60 shares in the last quarter. Wealth Alliance Advisory Group LLC lifted its stake in Boeing by 1.6% during the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer's stock valued at $691,000 after purchasing an additional 60 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its holdings in Boeing by 4.2% during the first quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer's stock worth $294,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.
BA has been the subject of a number of recent research reports. Susquehanna reiterated a "positive" rating and set a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft decreased their price target on Boeing from $225.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. The Goldman Sachs Group cut their price objective on Boeing from $232.00 to $202.00 and set a "buy" rating on the stock in a report on Tuesday, September 24th. Stifel Nicolaus raised their target price on shares of Boeing from $230.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Finally, TD Cowen cut their price target on shares of Boeing from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, October 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.00.
Read Our Latest Report on BA
Shares of NYSE:BA opened at $151.02 on Friday. The stock has a market capitalization of $92.71 billion, a P/E ratio of -42.54 and a beta of 1.57. The business has a 50-day moving average of $162.41 and a two-hundred day moving average of $173.85. The Boeing Company has a fifty-two week low of $146.26 and a fifty-two week high of $267.54.
Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analysts' expectations of $17.35 billion. During the same period in the prior year, the firm earned ($0.82) earnings per share. The firm's revenue for the quarter was down 14.6% on a year-over-year basis. As a group, research analysts expect that The Boeing Company will post -5.35 EPS for the current fiscal year.
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.
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