AE Wealth Management LLC Increases Position in The Boeing Company (NYSE:BA)

AE Wealth Management LLC increased its holdings in The Boeing Company (NYSE:BA) by 19.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,402 shares of the aircraft producer’s stock after purchasing an additional 2,678 shares during the quarter. AE Wealth Management LLC’s holdings in Boeing were worth $2,985,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BA. Sanders Morris Harris LLC raised its position in shares of Boeing by 869.1% during the 1st 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 last quarter. Park Avenue Securities LLC lifted its position in shares of Boeing by 20.7% in the first quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock valued at $2,035,000 after acquiring an additional 1,805 shares in the last quarter. Williams Financial LLC acquired a new stake in shares of Boeing in the second quarter worth approximately $1,637,000. Granite Bay Wealth Management LLC purchased a new stake in shares of Boeing during the second quarter worth approximately $561,000. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Boeing by 115.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,637 shares of the aircraft producer’s stock valued at $2,825,000 after purchasing an additional 7,848 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BA has been the subject of a number of research reports. UBS Group dropped their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Bank of America increased their price objective 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 target price on shares of Boeing in a report on Wednesday, August 14th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $119.00 price target (down previously from $185.00) on shares of Boeing in a report on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $225.00 price objective on shares of Boeing in a research note on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.29.

Boeing Stock Down 0.8 %

BA opened at $153.29 on Monday. The Boeing Company has a 52 week low of $152.60 and a 52 week high of $267.54. The business has a fifty day simple moving average of $171.21 and a 200-day simple moving average of $177.41. The firm has a market cap of $94.10 billion, a P/E ratio of -43.18 and a beta of 1.57.

Boeing (NYSE:BA) last announced its 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 the consensus estimate of $17.35 billion. Boeing’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period last year, the business earned ($0.82) EPS. Sell-side analysts expect 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.