The Boeing Company (NYSE:BA) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC lifted its position in The Boeing Company (NYSE:BA) by 11.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,154 shares of the aircraft producer’s stock after buying an additional 2,956 shares during the quarter. Ieq Capital LLC’s holdings in Boeing were worth $5,306,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Boeing during the 4th quarter worth approximately $26,000. Vima LLC purchased a new position in Boeing during the 4th quarter worth $34,000. Accent Capital Management LLC acquired a new stake in Boeing in the fourth quarter valued at about $39,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Boeing in the 4th quarter valued at approximately $48,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Boeing during the 2nd quarter worth $34,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on BA. UBS Group lowered 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. Bank of America upped their target price on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. Sanford C. Bernstein cut their price target on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Stifel Nicolaus lifted their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird reduced their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Three 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $211.29.

Boeing Trading Down 0.8 %

Shares of BA stock opened at $153.29 on Friday. The firm’s 50 day moving average is $171.21 and its 200-day moving average is $177.74. The Boeing Company has a 1 year low of $152.60 and a 1 year high of $267.54. The firm has a market capitalization of $94.10 billion, a price-to-earnings ratio of -43.18 and a beta of 1.57.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share 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. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.82) earnings per share. On average, equities research analysts forecast that The Boeing Company will post -4.26 earnings per share for the current fiscal 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.