Courier Capital LLC increased its stake in The Boeing Company (NYSE:BA) by 2.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,879 shares of the aircraft producer’s stock after purchasing an additional 200 shares during the quarter. Courier Capital LLC’s holdings in The Boeing were worth $1,243,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Magnolia Capital Advisors LLC bought a new stake in The Boeing in the 3rd quarter valued at $26,000. Tortoise Investment Management LLC raised its stake in The Boeing by 83.3% in the 3rd quarter. Tortoise Investment Management LLC now owns 165 shares of the aircraft producer’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Hall Laurie J Trustee bought a new stake in The Boeing in the 3rd quarter valued at $33,000. Laidlaw Wealth Management LLC raised its stake in The Boeing by 84,338.8% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 6,738,216 shares of the aircraft producer’s stock valued at $36,000 after acquiring an additional 6,730,236 shares during the period. Finally, Pacific Center for Financial Services raised its stake in The Boeing by 100.0% in the 2nd quarter. Pacific Center for Financial Services now owns 200 shares of the aircraft producer’s stock valued at $37,000 after acquiring an additional 100 shares during the period. 52.57% of the stock is owned by institutional investors.
Several research firms have weighed in on BA. CSFB increased their price objective on The Boeing from $154.00 to $184.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 6th. Cowen reiterated a “hold” rating and set a $150.00 price objective on shares of The Boeing in a research report on Friday, September 25th. ValuEngine upgraded The Boeing from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $214.00 price objective on shares of The Boeing in a research report on Thursday, October 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $270.00 price objective on shares of The Boeing in a research report on Tuesday, August 11th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $203.64.
NYSE BA opened at $198.63 on Tuesday. The company has a market cap of $114.26 billion, a price-to-earnings ratio of -25.65 and a beta of 1.39. The Boeing Company has a 52 week low of $89.00 and a 52 week high of $375.60. The business has a 50 day moving average price of $164.70 and a 200-day moving average price of $165.48.
The Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 28th. The aircraft producer reported ($1.39) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.33) by $0.94. The Boeing had a negative return on equity of 3.08% and a negative net margin of 7.34%. On average, equities analysts expect that The Boeing Company will post -9.22 EPS for the current year.
About The Boeing
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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