Benjamin F. Edwards & Company Inc. Buys 317 Shares of The Boeing Company (NYSE:BA)

Benjamin F. Edwards & Company Inc. raised its stake in The Boeing Company (NYSE:BA) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,454 shares of the aircraft producer’s stock after acquiring an additional 317 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Boeing were worth $3,905,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brio Consultants LLC acquired a new stake in shares of Boeing in the fourth quarter valued at $207,000. Gryphon Financial Partners LLC bought a new position in shares of Boeing in the fourth quarter worth about $258,000. Franklin Resources Inc. lifted its position in shares of Boeing by 3.6% during the fourth quarter. Franklin Resources Inc. now owns 38,330 shares of the aircraft producer’s stock worth $9,991,000 after purchasing an additional 1,325 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Boeing by 3.7% during the fourth quarter. Orion Portfolio Solutions LLC now owns 11,726 shares of the aircraft producer’s stock valued at $3,056,000 after purchasing an additional 423 shares during the last quarter. Finally, ProVise Management Group LLC increased its holdings in shares of Boeing by 7.9% in the fourth quarter. ProVise Management Group LLC now owns 1,564 shares of the aircraft producer’s stock valued at $408,000 after purchasing an additional 114 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BA shares. UBS Group decreased their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Bank of America lifted their price objective on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Sanford C. Bernstein lowered their price target on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 price objective on shares of Boeing in a report on Tuesday, June 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.29.

Boeing Stock Performance

BA opened at $153.29 on Friday. The business’s 50-day simple moving average is $171.21 and its 200 day simple moving average is $177.57. The Boeing Company has a 52-week low of $152.60 and a 52-week high of $267.54. The firm has a market capitalization of $94.10 billion, a PE ratio of -43.18 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period in the prior year, the firm earned ($0.82) EPS. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, research analysts forecast that The Boeing Company will post -4.26 earnings per share 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.