The Boeing Company (NYSE:BA) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC boosted its position in shares of The Boeing Company (NYSE:BA) by 10.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,324 shares of the aircraft producer’s stock after buying an additional 1,589 shares during the quarter. Larson Financial Group LLC’s holdings in Boeing were worth $2,482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC acquired a new stake in Boeing during the second quarter valued at $34,000. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing during the second quarter valued at $33,000. Cedar Wealth Management LLC purchased a new position in Boeing during the third quarter valued at $30,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Boeing during the second quarter valued at $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 4.1 %

NYSE BA opened at $149.29 on Monday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $267.54. The stock has a market capitalization of $92.29 billion, a PE ratio of -11.57 and a beta of 1.57. The firm has a 50 day moving average of $151.70 and a two-hundred day moving average of $168.27.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on BA. Susquehanna decreased their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Stifel Nicolaus raised their price target on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group decreased their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $190.37.

Boeing 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.