Key Client Fiduciary Advisors LLC Has $355,000 Stake in The Boeing Company (NYSE:BA)

Key Client Fiduciary Advisors LLC grew its stake in The Boeing Company (NYSE:BA) by 31.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,839 shares of the aircraft producer’s stock after purchasing an additional 440 shares during the period. Key Client Fiduciary Advisors LLC’s holdings in Boeing were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its position in Boeing by 2.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 32,721 shares of the aircraft producer’s stock valued at $6,272,000 after acquiring an additional 752 shares during the period. Mutual Advisors LLC lifted its holdings in Boeing by 4.4% during the 3rd quarter. Mutual Advisors LLC now owns 12,339 shares of the aircraft producer’s stock worth $2,365,000 after buying an additional 522 shares during the period. Mather Group LLC. grew its position in shares of Boeing by 9.5% in the 3rd quarter. Mather Group LLC. now owns 3,984 shares of the aircraft producer’s stock valued at $764,000 after buying an additional 347 shares during the last quarter. Rench Wealth Management Inc. raised its position in shares of Boeing by 1.6% during the third quarter. Rench Wealth Management Inc. now owns 20,538 shares of the aircraft producer’s stock worth $3,937,000 after acquiring an additional 318 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Boeing by 7.0% in the third quarter. Tower Research Capital LLC TRC now owns 36,157 shares of the aircraft producer’s stock valued at $6,931,000 after acquiring an additional 2,364 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 2.3 %

Shares of NYSE BA opened at $182.58 on Friday. The firm’s 50-day moving average price is $178.00 and its 200-day moving average price is $199.34. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The company has a market cap of $112.08 billion, a PE ratio of -51.43 and a beta of 1.55.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. As a group, equities research analysts anticipate that The Boeing Company will post -1.67 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of a number of analyst reports. Morgan Stanley lowered their target price on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Susquehanna reiterated a “positive” rating and set a $230.00 target price on shares of Boeing in a research report on Wednesday, May 15th. Barclays reduced their target price on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 22nd. JPMorgan Chase & Co. reduced their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $240.00 target price on shares of Boeing in a report on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.89.

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.