1 week Ago By ABMN Staff
Certuity LLC cut its holdings in The Boeing Company ( NYSE:BA – Free Report ) by 27.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,662 shares of the aircraft producer’s stock after selling 617 shares during the quarter.
Certuity LLC’s holdings in Boeing were worth $303,000 at the end of the most recent quarter. Several other large investors also recently added to or reduced their stakes in BA. Financial Gravity Asset Management Inc.
lifted its stake in shares of Boeing by 17.2% in the second quarter. Financial Gravity Asset Management Inc.
now owns 9,477 shares of the aircraft producer’s stock worth $1,724,000 after buying an additional 1,390 shares during the last quarter. Kerusso Capital Management LLC acquired a new position in Boeing during the 2nd quarter worth $1,870,000. Chris Bulman Inc bought a new stake in Boeing during the second quarter valued at about $137,000.
Strategic Financial Concepts LLC acquired a new stake in shares of Boeing in the second quarter valued at about $41,000. Finally, Parcion Private Wealth LLC grew its position in shares of Boeing by 1.7% in the second quarter.
Parcion Private Wealth LLC now owns 10,748 shares of the aircraft producer’s stock valued at $1,956,000 after purchasing an additional 183 shares during the last quarter. 64.82% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth Several analysts recently weighed in on BA shares. UBS Group decreased their target price on Boeing from $250.00 to $240.
00 and set a “buy” rating for the company in a research note on Friday, June 7th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $119.00 price objective (down from $185.
00) on shares of Boeing in a report on Tuesday, September 3rd. Baird R W raised shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Robert W.
Baird cut their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd.
Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research note on Tuesday, June 25th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock.
According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $211.29.
Boeing Stock Down 2.8 % Shares of NYSE:BA opened at $157.62 on Monday.
The firm has a market cap of $96.76 billion, a P/E ratio of -44.40 and a beta of 1.
57. The Boeing Company has a 12 month low of $156.70 and a 12 month high of $267.
54. The company’s 50-day moving average price is $176.53 and its two-hundred day moving average price is $180.
50. Boeing ( NYSE:BA – Get Free Report ) last released its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.
90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90).
The firm had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion.
During the same quarter in the prior year, the business earned ($0.82) earnings per share. Boeing’s revenue was down 14.
6% compared to the same quarter last year. As a group, equities analysts predict that The Boeing Company will post -4.26 earnings per share for the current fiscal year.
About Boeing ( Free Report ) 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. Further Reading Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.
com's FREE daily email newsletter ..
