Benjamin Edwards Inc. Has $816,000 Position in The Boeing Company (NYSE:BA)

Benjamin Edwards Inc. trimmed its holdings in The Boeing Company (NYSE:BA) by 20.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,483 shares of the aircraft producer’s stock after selling 1,119 shares during the quarter. Benjamin Edwards Inc.’s holdings in Boeing were worth $816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sanders Morris Harris LLC grew its holdings in Boeing by 869.1% in the first quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock worth $4,395,000 after purchasing an additional 20,425 shares during the period. Park Avenue Securities LLC increased its position in Boeing by 20.7% in the 1st quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock valued at $2,035,000 after buying an additional 1,805 shares in the last quarter. Williams Financial LLC acquired a new position in Boeing during the 2nd quarter worth approximately $1,637,000. Granite Bay Wealth Management LLC bought a new position in Boeing in the second quarter worth approximately $561,000. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Boeing by 115.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,637 shares of the aircraft producer’s stock valued at $2,825,000 after acquiring an additional 7,848 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.8 %

NYSE:BA opened at $153.29 on Friday. The Boeing Company has a 12 month low of $152.60 and a 12 month high of $267.54. The firm’s 50 day moving average is $171.21 and its 200 day moving average is $177.74. The stock has a market capitalization of $94.10 billion, a PE ratio of -43.18 and a beta of 1.57.

Boeing (NYSE:BA) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $17.35 billion. Boeing’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.82) EPS. Research analysts predict that The Boeing Company will post -4.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BA shares. Stifel Nicolaus upped their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Susquehanna reiterated a “positive” rating and set a $230.00 price objective on shares of Boeing in a report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 price target on shares of Boeing in a research note on Tuesday, June 25th. Robert W. Baird cut their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Finally, UBS Group lowered their price target on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and an average price target 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.