Waldron Private Wealth LLC Buys 461 Shares of The Boeing Company (NYSE:BA)

Waldron Private Wealth LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 9.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,431 shares of the aircraft producer’s stock after buying an additional 461 shares during the quarter. Waldron Private Wealth LLC’s holdings in Boeing were worth $826,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Madison Park Capital Advisors LLC boosted its stake in shares of Boeing by 4.9% during the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after purchasing an additional 56 shares during the period. Wealth Alliance Advisory Group LLC boosted its position in Boeing by 1.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after buying an additional 60 shares during the period. Angeles Wealth Management LLC grew its holdings in Boeing by 4.2% in the 1st quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock worth $294,000 after acquiring an additional 61 shares during the last quarter. IMS Capital Management increased its position in shares of Boeing by 0.4% in the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after acquiring an additional 62 shares during the period. Finally, Meeder Advisory Services Inc. raised its stake in shares of Boeing by 0.9% during the first quarter. Meeder Advisory Services Inc. now owns 7,559 shares of the aircraft producer’s stock valued at $1,459,000 after acquiring an additional 65 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. Wells Fargo & Company reduced their target price on Boeing from $110.00 to $109.00 and set an “underweight” rating on the stock in a research note on Monday, October 14th. TD Cowen decreased their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Jefferies Financial Group reduced their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Finally, Susquehanna decreased their price objective on shares of Boeing from $230.00 to $210.00 and set a “positive” rating for the company in a report on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $198.79.

Boeing Price Performance

BA opened at $159.85 on Wednesday. The firm has a market cap of $98.13 billion, a PE ratio of -45.03 and a beta of 1.57. The stock has a 50-day moving average price of $160.84 and a 200-day moving average price of $172.11. The Boeing Company has a 1 year low of $146.02 and a 1 year high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same period in the previous year, the business earned ($0.82) earnings per share. The business’s revenue was down 14.6% on a year-over-year basis. As a group, sell-side analysts anticipate that The Boeing Company will post -5.35 EPS for the current 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.