Mitchell Mcleod Pugh & Williams Inc. Acquires 524 Shares of The Boeing Company (NYSE:BA)

Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in The Boeing Company (NYSE:BA) by 12.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,761 shares of the aircraft producer’s stock after purchasing an additional 524 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Boeing were worth $724,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Madison Park Capital Advisors LLC grew its stake 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 acquiring an additional 56 shares during the last quarter. Wealth Alliance Advisory Group LLC boosted its position in Boeing by 1.6% in the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after buying an additional 60 shares during the last quarter. Angeles Wealth Management LLC boosted its position in Boeing by 4.2% in the first quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock valued at $294,000 after buying an additional 61 shares during the last quarter. IMS Capital Management boosted its position in Boeing by 0.4% in the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after buying an additional 62 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its position in Boeing by 0.9% in the first quarter. Meeder Advisory Services Inc. now owns 7,559 shares of the aircraft producer’s stock valued at $1,459,000 after buying an additional 65 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday, October 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft decreased their price target on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, Susquehanna decreased their price target on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Three 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $190.37.

Boeing Trading Up 0.5 %

NYSE:BA traded up $0.70 during trading hours on Friday, hitting $151.68. The company had a trading volume of 12,996,805 shares, compared to its average volume of 18,301,298. The company has a 50-day moving average of $155.31 and a 200 day moving average of $170.34. The company has a market cap of $93.77 billion, a P/E ratio of -11.76 and a beta of 1.57. The Boeing Company has a 1 year low of $144.13 and a 1 year high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) 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 the consensus estimate of $17.81 billion. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($3.26) EPS. On average, analysts forecast that The Boeing Company will post -16.09 earnings per share for the current year.

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.