Keene & Associates Inc. Has $421,000 Stock Holdings in The Boeing Company (NYSE:BA)

Keene & Associates Inc. lifted its stake in shares of The Boeing Company (NYSE:BA) by 12.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,313 shares of the aircraft producer’s stock after acquiring an additional 255 shares during the quarter. Keene & Associates Inc.’s holdings in Boeing were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its stake in Boeing by 1.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock valued at $1,094,000 after buying an additional 50 shares during the period. Davis R M Inc. raised its holdings in shares of Boeing by 1.8% in the 4th quarter. Davis R M Inc. now owns 2,943 shares of the aircraft producer’s stock valued at $767,000 after acquiring an additional 52 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Boeing by 0.4% during the 4th quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after acquiring an additional 56 shares during the last quarter. Madison Park Capital Advisors LLC grew its holdings 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 worth $219,000 after purchasing an additional 56 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its position in shares of Boeing by 4.3% in the fourth quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock worth $381,000 after purchasing an additional 60 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Sanford C. Bernstein cut their price target on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Susquehanna reiterated a “positive” rating and issued a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. Bank of America raised their price target on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. UBS Group cut their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Finally, Stifel Nicolaus raised their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $211.29.

Boeing Price Performance

Shares of BA opened at $156.77 on Monday. The firm has a market capitalization of $96.60 billion, a P/E ratio of -44.16 and a beta of 1.57. The Boeing Company has a one year low of $155.60 and a one year high of $267.54. The business has a fifty day moving average of $174.10 and a 200 day moving average of $179.04.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period in the prior year, the company posted ($0.82) EPS. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. Analysts expect that The Boeing Company will post -4.26 EPS 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.