The Boeing Company (NYSE:BA) Stock Holdings Increased by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC raised its stake in The Boeing Company (NYSE:BA) by 44.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 643 shares of the aircraft producer’s stock after acquiring an additional 199 shares during the period. Princeton Global Asset Management LLC’s holdings in Boeing were worth $98,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BA. Van ECK Associates Corp boosted its position in shares of Boeing by 207.9% in the first quarter. Van ECK Associates Corp now owns 10,550 shares of the aircraft producer’s stock worth $2,036,000 after buying an additional 7,124 shares during the period. Comprehensive Financial Consultants Institutional Inc. boosted its stake in shares of Boeing by 1.6% during the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,933 shares of the aircraft producer’s stock valued at $1,145,000 after buying an additional 91 shares during the period. RiverPark Advisors LLC purchased a new position in Boeing in the first quarter valued at about $61,000. Wellington Shields Capital Management LLC increased its position in Boeing by 62.6% in the 1st quarter. Wellington Shields Capital Management LLC now owns 25,544 shares of the aircraft producer’s stock worth $4,930,000 after purchasing an additional 9,838 shares during the last quarter. Finally, Rehmann Capital Advisory Group raised its position in Boeing by 61.1% during the first quarter. Rehmann Capital Advisory Group now owns 9,661 shares of the aircraft producer’s stock valued at $1,865,000 after acquiring an additional 3,665 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of BA stock opened at $154.59 on Monday. The firm’s 50 day moving average price is $157.46 and its two-hundred day moving average price is $171.01. The stock has a market cap of $95.57 billion, a PE ratio of -11.98 and a beta of 1.57. The Boeing Company has a 52-week low of $146.02 and a 52-week high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned ($3.26) earnings per share. As a group, sell-side analysts predict that The Boeing Company will post -16.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on BA. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Susquehanna cut their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. TD Cowen lowered their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Tuesday, October 15th. Finally, Morgan Stanley cut their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $190.42.

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.