Allworth Monetary LP diminished its place in shares of The Boeing Firm (NYSE:BA – Free Report) by 1.4% throughout the third quarter, in line with the corporate in its most up-to-date 13F submitting with the Securities & Change Fee. The institutional investor owned 20,365 shares of the plane producer’s inventory after promoting 284 shares throughout the quarter. Allworth Monetary LP’s holdings in Boeing had been price $3,096,000 as of its most up-to-date SEC submitting.
A number of different hedge funds have additionally modified their holdings of BA. Kiely Wealth Advisory Group Inc. bought a brand new place in Boeing within the 2nd quarter valued at about $33,000. Hobbs Group Advisors LLC bought a brand new place in Boeing within the 2nd quarter valued at about $34,000. McClarren Monetary Advisors Inc. lifted its stake in Boeing by 451.4% within the 1st quarter. McClarren Monetary Advisors Inc. now owns 193 shares of the plane producer’s inventory valued at $37,000 after shopping for a further 158 shares within the final quarter. Harel Insurance coverage Investments & Monetary Companies Ltd. lifted its stake in Boeing by 351.1% within the 2nd quarter. Harel Insurance coverage Investments & Monetary Companies Ltd. now owns 212 shares of the plane producer’s inventory valued at $39,000 after shopping for a further 165 shares within the final quarter. Lastly, 1620 Funding Advisors Inc. bought a brand new place in Boeing within the 2nd quarter valued at about $39,000. 64.82% of the inventory is owned by hedge funds and different institutional buyers.
Boeing Inventory Efficiency
Boeing inventory opened at $155.01 on Monday. The Boeing Firm has a fifty-two week low of $146.02 and a fifty-two week excessive of $267.54. The agency has a 50 day transferring common value of $159.68 and a 200 day transferring common value of $171.64. The corporate has a market capitalization of $95.16 billion, a PE ratio of -43.66 and a beta of 1.57.
Boeing (NYSE:BA – Get Free Report) final posted its earnings outcomes on Wednesday, October twenty third. The plane producer reported ($10.44) earnings per share for the quarter, lacking the consensus estimate of ($10.34) by ($0.10). The corporate had income of $17.84 billion for the quarter, in comparison with analysts’ expectations of $17.81 billion. Throughout the identical interval within the earlier yr, the enterprise earned ($3.26) EPS. The enterprise’s income was down 1.5% in comparison with the identical quarter final yr. As a gaggle, equities analysis analysts forecast that The Boeing Firm will submit -5.35 earnings per share for the present yr.
Wall Avenue Analyst Weigh In
BA has been the subject of quite a few analysis stories. DZ Financial institution lowered shares of Boeing from a “purchase” score to a “maintain” score and set a $152.00 value goal on the inventory. in a analysis notice on Tuesday, October fifteenth. The Goldman Sachs Group minimize their value goal on shares of Boeing from $232.00 to $202.00 and set a “purchase” score for the corporate in a report on Tuesday, September twenty fourth. Benchmark reiterated a “purchase” score and issued a $250.00 value goal on shares of Boeing in a report on Thursday. Wells Fargo & Firm minimize their value goal on shares of Boeing from $109.00 to $86.00 and set an “underweight” score for the corporate in a report on Thursday. Lastly, Robert W. Baird minimize their value goal on shares of Boeing from $240.00 to $200.00 and set an “outperform” score for the corporate in a report on Thursday. Three analysts have rated the inventory with a promote score, eight have given a maintain score, fourteen have given a purchase score and one has given a robust purchase score to the corporate. In response to MarketBeat.com, the inventory has a consensus score of “Average Purchase” and a mean value goal of $191.79.
Learn Our Newest Inventory Report on Boeing
About Boeing
The Boeing Firm, along with its subsidiaries, designs, develops, manufactures, sells, companies, and helps business jetliners, army plane, satellites, missile protection, human area flight and launch programs, and companies worldwide. The corporate operates via Business Airplanes; Protection, House & Safety; and International Companies segments.
Additional Studying
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