Integrated Investment Consultants LLC Purchases 168 Shares of The Boeing Company (NYSE:BA)

Integrated Investment Consultants LLC raised its position in The Boeing Company (NYSE:BA) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,038 shares of the aircraft producer’s stock after buying an additional 168 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Boeing were worth $614,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BA. MQS Management LLC acquired a new stake in shares of Boeing in the 1st quarter valued at approximately $237,000. CreativeOne Wealth LLC boosted its position in Boeing by 21.8% during the 1st quarter. CreativeOne Wealth LLC now owns 5,350 shares of the aircraft producer’s stock worth $1,033,000 after buying an additional 958 shares during the period. Advisors Asset Management Inc. boosted its position in Boeing by 5.0% during the 1st quarter. Advisors Asset Management Inc. now owns 22,713 shares of the aircraft producer’s stock worth $4,383,000 after buying an additional 1,077 shares during the period. Canada Pension Plan Investment Board boosted its position in Boeing by 79.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 726,254 shares of the aircraft producer’s stock worth $140,160,000 after buying an additional 320,502 shares during the period. Finally, Gabelli Funds LLC boosted its position in Boeing by 2.5% during the 1st quarter. Gabelli Funds LLC now owns 113,700 shares of the aircraft producer’s stock worth $21,943,000 after buying an additional 2,785 shares during the period. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday, October 14th. TD Cowen dropped their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Robert W. Baird lowered their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, UBS Group lowered their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Boeing currently has an average rating of “Hold” and a consensus price target of $190.37.

Boeing Price Performance

NYSE BA opened at $143.83 on Friday. The company has a fifty day moving average price of $151.85 and a 200-day moving average price of $168.62. The firm has a market cap of $88.92 billion, a price-to-earnings ratio of -11.15 and a beta of 1.57. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($3.26) earnings per share. On average, research analysts anticipate that The Boeing Company will post -16.2 EPS for the current fiscal year.

About Boeing

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.