Sequoia Financial Advisors LLC Grows Holdings in The Boeing Company (NYSE:BA)

Sequoia Financial Advisors LLC grew its holdings in The Boeing Company (NYSE:BA) by 10.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,217 shares of the aircraft producer’s stock after purchasing an additional 2,179 shares during the period. Sequoia Financial Advisors LLC’s holdings in Boeing were worth $3,530,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing during the 2nd quarter worth $33,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing during the 2nd quarter worth $34,000. McClarren Financial Advisors Inc. grew its position in shares of Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after buying an additional 158 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Boeing by 351.1% during the 2nd 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. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Boeing during the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 1.8 %

Shares of NYSE:BA opened at $157.06 on Thursday. The Boeing Company has a 52-week low of $146.02 and a 52-week high of $267.54. The stock has a market cap of $96.42 billion, a price-to-earnings ratio of -44.24 and a beta of 1.57. The business has a 50-day moving average price of $160.61 and a 200-day moving average price of $172.01.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same period last year, the firm posted ($0.82) EPS. The firm’s revenue was down 14.6% on a year-over-year basis. As a group, equities analysts anticipate that The Boeing Company will post -5.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent research reports. Jefferies Financial Group dropped their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Citigroup dropped their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Wells Fargo & Company dropped their price objective on Boeing from $110.00 to $109.00 and set an “underweight” rating on the stock in a research report on Monday, October 14th. Finally, TD Cowen dropped their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $198.79.

Boeing Company 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.