Blue Barn Wealth LLC Has $335,000 Stock Position in The Boeing Company (NYSE:BA)

Blue Barn Wealth LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 41.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,843 shares of the aircraft producer’s stock after buying an additional 539 shares during the period. Blue Barn Wealth LLC’s holdings in Boeing were worth $335,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC boosted its stake in shares of Boeing by 2.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 2,536 shares of the aircraft producer’s stock worth $661,000 after acquiring an additional 50 shares during the period. EverSource Wealth Advisors LLC boosted its position in Boeing by 1.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock worth $1,094,000 after purchasing an additional 50 shares during the period. Davis R M Inc. increased its holdings in shares of Boeing by 1.8% in the fourth quarter. Davis R M Inc. now owns 2,943 shares of the aircraft producer’s stock valued at $767,000 after purchasing an additional 52 shares during the last quarter. Westpac Banking Corp raised its position in shares of Boeing by 1.6% in the fourth quarter. Westpac Banking Corp now owns 3,336 shares of the aircraft producer’s stock valued at $870,000 after purchasing an additional 54 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its stake 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 worth $3,895,000 after buying an additional 56 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of BA opened at $161.85 on Friday. The Boeing Company has a 52-week low of $158.30 and a 52-week high of $267.54. The firm has a market cap of $99.36 billion, a price-to-earnings ratio of -45.68 and a beta of 1.56. The business’s fifty day moving average is $177.02 and its 200-day moving average is $181.13.

Boeing (NYSE:BA) last released its 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 analysts’ expectations of $17.35 billion. The firm’s revenue was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.82) EPS. As a group, research analysts forecast that The Boeing Company will post -4.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BA shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Sanford C. Bernstein lowered their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. UBS Group reduced their price target on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Wells Fargo & Company reiterated an “underweight” rating and set a $119.00 price objective (down previously from $185.00) on shares of Boeing in a research report on Tuesday. Finally, Robert W. Baird reduced their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $211.29.

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.