Ullmann Wealth Partners Group LLC Boosts Stake in The Boeing Company (NYSE:BA)

Ullmann Wealth Partners Group LLC raised its holdings in The Boeing Company (NYSE:BA) by 28.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,614 shares of the aircraft producer’s stock after purchasing an additional 359 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in Boeing were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Edge Wealth Management LLC grew its stake in Boeing by 11.5% during the 3rd quarter. Edge Wealth Management LLC now owns 2,897 shares of the aircraft producer’s stock worth $440,000 after purchasing an additional 298 shares in the last quarter. NBC Securities Inc. grew its stake in Boeing by 11.7% during the 3rd quarter. NBC Securities Inc. now owns 5,636 shares of the aircraft producer’s stock worth $856,000 after purchasing an additional 592 shares in the last quarter. Adamsbrown Wealth Consultants LLC grew its stake in Boeing by 8.5% during the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 2,204 shares of the aircraft producer’s stock worth $335,000 after purchasing an additional 173 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Boeing during the 3rd quarter worth about $141,000. Finally, Procyon Advisors LLC boosted its position in shares of Boeing by 2.5% during the 3rd quarter. Procyon Advisors LLC now owns 54,570 shares of the aircraft producer’s stock worth $8,299,000 after acquiring an additional 1,355 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of several analyst reports. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday. JPMorgan Chase & Co. reduced their target price on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a report on Monday. Citigroup decreased their target price on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday. Wells Fargo & Company decreased their target price on Boeing from $110.00 to $109.00 and set an “underweight” rating for the company in a research report on Monday. Finally, TD Cowen decreased their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $201.00.

Boeing Stock Performance

Shares of NYSE BA traded up $3.46 during midday trading on Tuesday, reaching $152.45. 11,225,210 shares of the company’s stock were exchanged, compared to its average volume of 8,077,598. The Boeing Company has a 52-week low of $146.02 and a 52-week high of $267.54. The stock has a market capitalization of $93.59 billion, a PE ratio of -42.85 and a beta of 1.57. The business’s fifty day moving average price is $162.05 and its two-hundred day moving average price is $173.41.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. The firm’s revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.82) earnings per share. Analysts predict that The Boeing Company will post -5.35 earnings per share for the current fiscal year.

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.