1,589 Shares in The Boeing Company (NYSE:BA) Acquired by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP acquired a new stake in The Boeing Company (NYSE:BA) during the third quarter, HoldingsChannel reports. The fund acquired 1,589 shares of the aircraft producer’s stock, valued at approximately $242,000.

A number of other institutional investors have also recently bought and sold shares of the business. Empowered Funds LLC boosted its holdings in Boeing by 44.6% during the first quarter. Empowered Funds LLC now owns 11,940 shares of the aircraft producer’s stock worth $2,304,000 after buying an additional 3,680 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Boeing by 1.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 125,906 shares of the aircraft producer’s stock worth $24,299,000 after acquiring an additional 1,373 shares during the last quarter. Bleakley Financial Group LLC increased its stake in Boeing by 10.9% in the first quarter. Bleakley Financial Group LLC now owns 15,536 shares of the aircraft producer’s stock valued at $2,998,000 after purchasing an additional 1,527 shares in the last quarter. Entropy Technologies LP raised its holdings in Boeing by 329.3% in the first quarter. Entropy Technologies LP now owns 22,352 shares of the aircraft producer’s stock worth $4,314,000 after purchasing an additional 17,145 shares during the period. Finally, Pettyjohn Wood & White Inc. boosted its position in shares of Boeing by 2.9% during the first quarter. Pettyjohn Wood & White Inc. now owns 18,427 shares of the aircraft producer’s stock worth $3,556,000 after purchasing an additional 516 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on BA. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Citigroup lowered their price target on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft cut their price objective on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. TD Cowen lowered their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $190.37.

Boeing Stock Down 1.8 %

Shares of Boeing stock opened at $148.96 on Tuesday. The stock has a market cap of $92.09 billion, a P/E ratio of -11.55 and a beta of 1.57. The Boeing Company has a 12-month low of $144.13 and a 12-month high of $267.54. The business’s 50 day moving average is $155.31 and its 200-day moving average is $170.39.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. Boeing’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted ($3.26) EPS. On average, sell-side analysts expect that The Boeing Company will post -16.09 EPS for the current year.

About Boeing

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.