Wade G W & Inc. cut its stake in shares of The Boeing Company (NYSE:BA) by 15.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,650 shares of the aircraft producer’s stock after selling 692 shares during the quarter. Wade G W & Inc.’s holdings in The Boeing were worth $603,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wedgewood Investors Inc. PA raised its position in shares of The Boeing by 16.5% during the 3rd quarter. Wedgewood Investors Inc. PA now owns 2,105 shares of the aircraft producer’s stock valued at $348,000 after acquiring an additional 298 shares during the last quarter. Banco Santander S.A. raised its stake in The Boeing by 48.8% during the third quarter. Banco Santander S.A. now owns 134,367 shares of the aircraft producer’s stock worth $22,206,000 after buying an additional 44,074 shares during the last quarter. Legacy Financial Advisors Inc. bought a new position in The Boeing during the third quarter worth $246,000. Kestra Private Wealth Services LLC bought a new position in The Boeing during the third quarter worth $4,790,000. Finally, Prime Capital Investment Advisors LLC raised its stake in The Boeing by 18.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 9,074 shares of the aircraft producer’s stock worth $1,500,000 after buying an additional 1,441 shares during the last quarter. 52.57% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the stock. Wolfe Research raised shares of The Boeing from an “underperform” rating to a “peer perform” rating in a research note on Thursday, September 24th. Zacks Investment Research raised shares of The Boeing from a “sell” rating to a “hold” rating and set a $157.00 price target for the company in a research note on Thursday, October 29th. Credit Suisse Group decreased their price target on shares of The Boeing from $84.00 to $74.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $214.00 price target on shares of The Boeing in a research note on Thursday, October 29th. Finally, Benchmark reduced their price objective on shares of The Boeing from $230.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, November 5th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The Boeing has a consensus rating of “Hold” and an average target price of $203.64.
Shares of BA stock opened at $202.40 on Tuesday. The firm 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 firm’s 50-day simple moving average is $164.70 and its two-hundred day simple moving average is $165.48.
The Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 28th. The aircraft producer reported ($1.39) EPS for the quarter, topping the consensus estimate of ($2.33) by $0.94. The Boeing had a negative net margin of 7.34% and a negative return on equity of 3.08%. As a group, analysts expect that The Boeing Company will post -9.22 earnings per share for the current year.
The Boeing Profile
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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