Prospera Financial Services Inc Acquires 1,214 Shares of The Boeing Company (NYSE:BA)

Prospera Financial Services Inc lifted its holdings in shares of The Boeing Company (NYSE:BA) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,430 shares of the aircraft producer’s stock after acquiring an additional 1,214 shares during the quarter. Prospera Financial Services Inc’s holdings in Boeing were worth $3,411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BA. Van ECK Associates Corp raised its holdings in shares of Boeing by 122.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock worth $357,712,000 after buying an additional 1,251,456 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Boeing by 289.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock worth $2,558,790,000 after buying an additional 1,251,165 shares in the last quarter. Wulff Hansen & CO. raised its holdings in shares of Boeing by 15,039.0% during the 2nd quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock worth $176,073,000 after buying an additional 960,993 shares in the last quarter. Newport Trust Company LLC raised its holdings in shares of Boeing by 1.2% during the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock worth $5,758,830,000 after buying an additional 388,633 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Boeing by 79.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 726,254 shares of the aircraft producer’s stock worth $140,160,000 after buying an additional 320,502 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Up 0.4 %

BA stock opened at $146.11 on Thursday. The firm has a market cap of $90.33 billion, a PE ratio of -11.33 and a beta of 1.57. The business has a 50 day moving average of $152.22 and a 200-day moving average of $168.79. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share 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 analyst estimates of $17.81 billion. During the same period last year, the business posted ($3.26) earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts expect that The Boeing Company will post -16.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BA shares. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Morgan Stanley reduced their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Stifel Nicolaus upped their target price on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company cut their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Finally, Citigroup cut their target price on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $190.37.

About Boeing

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.