Williams Financial LLC Invests $1.64 Million in The Boeing Company (NYSE:BA)

Williams Financial LLC bought a new position in The Boeing Company (NYSE:BA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,183 shares of the aircraft producer’s stock, valued at approximately $1,637,000.

A number of other large investors have also bought and sold shares of BA. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing in the fourth quarter worth $26,000. Vima LLC bought a new position in shares of Boeing in the fourth quarter valued at about $34,000. Accent Capital Management LLC acquired a new position in Boeing during the 4th quarter worth about $39,000. Frank Rimerman Advisors LLC bought a new stake in Boeing during the 4th quarter worth about $48,000. Finally, Hobbs Group Advisors LLC bought a new stake in Boeing during the 2nd quarter worth about $34,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Down 3.7 %

Shares of BA stock opened at $156.77 on Friday. The Boeing Company has a 12-month low of $155.60 and a 12-month high of $267.54. The firm has a fifty day moving average of $174.10 and a 200-day moving average of $179.23. The firm has a market capitalization of $96.60 billion, a price-to-earnings ratio of -44.16 and a beta of 1.57.

Boeing (NYSE:BA) last posted 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 last year, the firm posted ($0.82) earnings per share. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. Research analysts expect that The Boeing Company will post -4.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BA. UBS Group reduced their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $225.00 price objective on shares of Boeing in a report on Tuesday, June 25th. Sanford C. Bernstein lowered their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Wells Fargo & Company restated an “underweight” rating and set a $119.00 target price (down previously from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Finally, Robert W. Baird decreased their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.29.

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.