The Boeing Company (NYSE:BA) Shares Purchased by Paces Ferry Wealth Advisors LLC

Paces Ferry Wealth Advisors LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,660 shares of the aircraft producer’s stock after acquiring an additional 169 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in Boeing were worth $666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing during the 4th quarter worth approximately $26,000. Vima LLC purchased a new position in Boeing during the fourth quarter worth $34,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the second quarter worth $34,000. McClarren Financial Advisors Inc. lifted its position in shares of Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after acquiring an additional 158 shares in the last quarter. Finally, Accent Capital Management LLC acquired a new stake in shares of Boeing during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $155.17 on Thursday. The company has a market capitalization of $95.26 billion, a price-to-earnings ratio of -43.71 and a beta of 1.57. The Boeing Company has a 1-year low of $154.02 and a 1-year high of $267.54. The business has a 50-day moving average of $172.38 and a 200-day moving average of $178.23.

Boeing (NYSE:BA) last issued 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 business had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same period last year, the business earned ($0.82) earnings per share. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. Research analysts expect that The Boeing Company will post -4.26 EPS for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of several analyst reports. Wells Fargo & Company reissued an “underweight” rating and issued a $119.00 target price (down previously from $185.00) on shares of Boeing in a research note on Tuesday, September 3rd. UBS Group reduced their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Robert W. Baird lowered their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Stifel Nicolaus boosted their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Bank of America raised their price objective on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $211.29.

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.