Raymond James Trust N.A. lifted its stake in The Boeing Company (NYSE:BA – Get Rating) by 5.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,182 shares of the aircraft producer’s stock after acquiring an additional 1,110 shares during the period. Raymond James Trust N.A.’s holdings in Boeing were worth $3,033,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in BA. Meridian Wealth Partners LLC lifted its position in Boeing by 4.4% in the 4th quarter. Meridian Wealth Partners LLC now owns 1,308 shares of the aircraft producer’s stock worth $263,000 after buying an additional 55 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Boeing by 0.5% during the first quarter. Lindbrook Capital LLC now owns 11,361 shares of the aircraft producer’s stock valued at $2,176,000 after buying an additional 56 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in shares of Boeing by 42.1% during the first quarter. Blue Bell Private Wealth Management LLC now owns 189 shares of the aircraft producer’s stock valued at $36,000 after buying an additional 56 shares during the period. Confluence Wealth Services Inc. increased its stake in shares of Boeing by 2.7% during the first quarter. Confluence Wealth Services Inc. now owns 2,460 shares of the aircraft producer’s stock valued at $471,000 after buying an additional 64 shares during the period. Finally, Weik Capital Management increased its stake in shares of Boeing by 1.3% during the fourth quarter. Weik Capital Management now owns 5,029 shares of the aircraft producer’s stock valued at $1,012,000 after buying an additional 65 shares during the period. 57.10% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
BA has been the topic of several research reports. StockNews.com upgraded Boeing from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Wells Fargo & Company lowered their price target on Boeing from $214.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, July 28th. Citigroup raised Boeing from a “neutral” rating to a “buy” rating and lowered their price target for the company from $219.00 to $209.00 in a report on Thursday, June 16th. Bank of America upped their price target on Boeing from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, September 7th. Finally, Morgan Stanley upped their price target on Boeing from $215.00 to $233.00 and gave the company an “overweight” rating in a report on Thursday, September 8th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $218.07.
Boeing Price Performance
Boeing (NYSE:BA – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.23). The firm had revenue of $16.68 billion during the quarter, compared to analyst estimates of $17.53 billion. Boeing’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. As a group, analysts forecast that The Boeing Company will post -1.95 earnings per share for the current fiscal year.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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