Brighton Jones LLC Has $4.02 Million Stake in The Boeing Company (NYSE:BA)

Brighton Jones LLC increased its position in The Boeing Company (NYSE:BA) by 8.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 22,102 shares of the aircraft producer’s stock after purchasing an additional 1,631 shares during the period. Brighton Jones LLC’s holdings in Boeing were worth $4,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Boeing during the 4th quarter valued at $26,000. Vima LLC acquired a new stake in shares of Boeing during the 4th quarter valued at $34,000. Hobbs Group Advisors LLC acquired a new stake in shares of Boeing during the 2nd quarter valued at $34,000. McClarren Financial Advisors Inc. boosted its stake 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 valued at $37,000 after buying an additional 158 shares during the period. Finally, Accent Capital Management LLC bought a new position in shares of Boeing during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BA. Bank of America raised their price target on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Susquehanna restated a “positive” rating and set a $230.00 price target on shares of Boeing in a report on Wednesday, August 14th. Wells Fargo & Company restated an “underweight” rating and set a $119.00 price target (down previously from $185.00) on shares of Boeing in a report on Tuesday, September 3rd. UBS Group cut their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Finally, Stifel Nicolaus raised their price target on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $211.29.

Boeing Trading Down 0.4 %

Shares of Boeing stock opened at $154.55 on Friday. The stock has a market capitalization of $94.88 billion, a price-to-earnings ratio of -43.54 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 firm’s 50-day moving average price is $171.80 and its two-hundred day moving average price is $178.07.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter last year, the firm earned ($0.82) EPS. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. As a group, equities research analysts predict that The Boeing Company will post -4.26 EPS for the current year.

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.