Semus Wealth Partners LLC Has $274,000 Stock Holdings in The Boeing Company (NYSE:BA)

Semus Wealth Partners LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 28.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,801 shares of the aircraft producer’s stock after purchasing an additional 400 shares during the quarter. Semus Wealth Partners LLC’s holdings in Boeing were worth $274,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hobbs Group Advisors LLC acquired a new stake in shares of Boeing during the second quarter worth $34,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing during the second quarter worth $33,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Boeing during the second quarter worth $39,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Boeing during the first quarter worth $53,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their target price on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft dropped their price target on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Stifel Nicolaus boosted their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. TD Cowen dropped their price target 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, Morgan Stanley dropped their price target on 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 investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Hold” and a consensus target price of $190.37.

Boeing Stock Performance

NYSE:BA opened at $140.61 on Monday. The company has a market capitalization of $86.93 billion, a PE ratio of -10.87 and a beta of 1.57. The company has a 50 day simple moving average of $153.20 and a two-hundred day simple moving average of $169.44. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two 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 analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned ($3.26) earnings per share. Research analysts predict that The Boeing Company will post -16.2 EPS 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.