Assets Administration Corp CT ADV lessened its stake in The Boeing Firm (NYSE:BA – Free Report) by 50.8% within the 2nd quarter, based on the corporate in its most up-to-date Kind 13F submitting with the SEC. The fund owned 290 shares of the plane producer’s inventory after promoting 300 shares through the quarter. Assets Administration Corp CT ADV’s holdings in Boeing had been value $53,000 on the finish of the newest reporting interval.
Plenty of different institutional buyers have additionally just lately added to or lowered their stakes within the inventory. Vermillion & White Wealth Administration Group LLC acquired a brand new stake in shares of Boeing within the 4th quarter value $26,000. Vima LLC bought a brand new stake in shares of Boeing within the fourth quarter valued at about $34,000. Accent Capital Administration LLC bought a brand new place in Boeing through the fourth quarter value about $39,000. Frank Rimerman Advisors LLC acquired a brand new place in Boeing within the 4th quarter valued at about $48,000. Lastly, Hobbs Group Advisors LLC bought a brand new stake in shares of Boeing within the 2nd quarter valued at roughly $34,000. Hedge funds and different institutional buyers personal 64.82% of the corporate’s inventory.
Wall Road Analyst Weigh In
Plenty of analysis corporations just lately commented on BA. Financial institution of America upped their worth goal on Boeing from $180.00 to $200.00 and gave the corporate a “impartial” score in a report on Thursday, June thirteenth. UBS Group decreased their worth goal on Boeing from $250.00 to $240.00 and set a “purchase” score on the inventory in a analysis notice on Friday, June seventh. Stifel Nicolaus boosted their worth goal on shares of Boeing from $230.00 to $235.00 and gave the corporate a “purchase” score in a report on Thursday, August 1st. Baird R W raised shares of Boeing to a “strong-buy” score in a analysis notice on Monday, June third. Lastly, Wells Fargo & Firm restated an “underweight” score and issued a $119.00 worth goal (down from $185.00) on shares of Boeing in a report on Tuesday, September third. Three funding analysts have rated the inventory with a promote score, seven have assigned a maintain score, fourteen have given a purchase score and one has assigned a powerful purchase score to the corporate’s inventory. Based mostly on information from MarketBeat, the corporate has a consensus score of “Reasonable Purchase” and a mean worth goal of $209.83.
Examine Out Our Newest Inventory Evaluation on Boeing
Boeing Inventory Down 0.3 %
Shares of Boeing inventory opened at $155.87 on Wednesday. The agency has a market capitalization of $95.69 billion, a P/E ratio of -43.91 and a beta of 1.57. The Boeing Firm has a 52 week low of $151.65 and a 52 week excessive of $267.54. The agency’s 50 day transferring common is $170.15 and its two-hundred day transferring common is $176.78.
Boeing (NYSE:BA – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, July thirty first. The plane producer reported ($2.90) EPS for the quarter, lacking the consensus estimate of ($1.00) by ($1.90). The corporate had income of $16.87 billion for the quarter, in comparison with analysts’ expectations of $17.35 billion. Throughout the identical quarter within the prior yr, the corporate earned ($0.82) EPS. Boeing’s quarterly income was down 14.6% in comparison with the identical quarter final yr. As a bunch, analysis analysts count on that The Boeing Firm will put up -4.26 earnings per share for the present fiscal yr.
Boeing Profile
The Boeing Firm, along with its subsidiaries, designs, develops, manufactures, sells, companies, and helps industrial jetliners, army plane, satellites, missile protection, human house flight and launch techniques, and companies worldwide. The corporate operates by means of Industrial Airplanes; Protection, House & Safety; and World Providers segments.
Additional Studying
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