Kiely Wealth Advisory Group Inc. Acquires Shares of 198 The Boeing Company (NYSE:BA)

Kiely Wealth Advisory Group Inc. bought a new position in shares of The Boeing Company (NYSE:BA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 198 shares of the aircraft producer’s stock, valued at approximately $33,000.

Other institutional investors have also made changes to their positions in the company. Capital Research Global Investors increased its holdings in shares of Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after purchasing an additional 4,425,964 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Boeing by 563.9% during the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after buying an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after buying an additional 1,884,850 shares during the last quarter. Global Assets Advisory LLC bought a new position in Boeing in the 1st quarter valued at about $272,312,000. Finally, Vanguard Group Inc. lifted its position in Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after acquiring an additional 1,222,816 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BA shares. Robert W. Baird decreased 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 price objective on shares of Boeing in a research report on Tuesday, June 25th. Bank of America boosted their target price on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $119.00 price target (down from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus lifted their price objective on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Three 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $211.29.

Boeing Trading Down 0.8 %

BA stock opened at $153.29 on Friday. The firm has a 50-day moving average price of $171.21 and a 200-day moving average price of $177.74. The Boeing Company has a 12 month low of $152.60 and a 12 month high of $267.54. The stock has a market capitalization of $94.10 billion, a P/E 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 for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. Boeing’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.82) EPS. As a group, equities analysts predict that The Boeing Company will post -4.26 EPS for the current fiscal year.

Boeing Company Profile

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.