The Boeing Company (NYSE:BA) Shares Acquired by Coastwise Capital Group LLC

Coastwise Capital Group LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 11.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,603 shares of the aircraft producer’s stock after acquiring an additional 685 shares during the quarter. Coastwise Capital Group LLC’s holdings in Boeing were worth $1,004,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the second quarter valued at about $34,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the 3rd quarter worth approximately $28,000. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing during the 2nd quarter worth approximately $33,000. Cedar Wealth Management LLC purchased a new position in Boeing during the 3rd quarter worth approximately $30,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after acquiring an additional 165 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BA has been the subject of several recent research reports. Wells Fargo & Company reduced their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their price objective on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Jefferies Financial Group lowered their target price on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Boeing currently has an average rating of “Hold” and an average target price of $190.11.

Boeing Stock Up 2.0 %

Shares of BA opened at $155.44 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 cap of $96.09 billion, a PE ratio of -12.05 and a beta of 1.57. The firm’s fifty day moving average is $151.48 and its two-hundred day moving average is $167.35.

Boeing (NYSE:BA) last posted 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 analysts’ expectations of $17.81 billion. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($3.26) EPS. As a group, research analysts anticipate that The Boeing Company will post -16.19 earnings per share 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.