The Boeing Company (NYSE:BA) Shares Bought by Synergy Asset Management LLC

Synergy Asset Management LLC lifted its holdings in shares of The Boeing Company (NYSE:BA) by 21.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,805 shares of the aircraft producer’s stock after buying an additional 315 shares during the quarter. Synergy Asset Management LLC’s holdings in Boeing were worth $329,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brio Consultants LLC purchased a new stake in shares of Boeing during the fourth quarter worth about $207,000. Van ECK Associates Corp increased its stake in Boeing by 11.6% during the 4th quarter. Van ECK Associates Corp now owns 3,426 shares of the aircraft producer’s stock worth $893,000 after buying an additional 357 shares in the last quarter. Gryphon Financial Partners LLC acquired a new position in shares of Boeing during the fourth quarter valued at approximately $258,000. E Fund Management Co. Ltd. purchased a new position in shares of Boeing in the fourth quarter valued at approximately $200,000. Finally, Wealthspire Advisors LLC boosted its stake in shares of Boeing by 13.0% in the fourth quarter. Wealthspire Advisors LLC now owns 7,757 shares of the aircraft producer’s stock worth $2,022,000 after acquiring an additional 895 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BA shares. Sanford C. Bernstein decreased their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Bank of America raised their price target on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. Susquehanna reaffirmed a “positive” rating and set a $230.00 price objective on shares of Boeing in a research note on Wednesday, August 14th. UBS Group decreased their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Finally, Baird R W upgraded Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $211.29.

Boeing Trading Down 0.8 %

NYSE BA traded down $1.35 during trading hours on Friday, reaching $160.80. The company had a trading volume of 523,427 shares, compared to its average volume of 7,845,023. The Boeing Company has a 1-year low of $158.30 and a 1-year high of $267.54. The stock has a market capitalization of $98.71 billion, a P/E ratio of -45.68 and a beta of 1.56. The stock has a 50-day moving average of $177.02 and a 200 day moving average of $181.13.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter in the prior year, the company posted ($0.82) EPS. The business’s revenue was down 14.6% on a year-over-year basis. As a group, sell-side analysts predict that The Boeing Company will post -4.26 EPS 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.