Fairscale Capital LLC Invests $59,000 in The Boeing Company (NYSE:BA)

Fairscale Capital LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 316 shares of the aircraft producer’s stock, valued at approximately $59,000.

A number of other large investors also recently bought and sold shares of BA. Capital Research Global Investors grew its stake 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 worth $4,400,109,000 after acquiring an additional 4,425,964 shares during the last quarter. Wellington Management Group LLP boosted its stake in Boeing by 563.9% in the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Boeing by 23.7% during 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 purchasing an additional 1,884,850 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Boeing during the 1st quarter valued at about $272,312,000. Finally, Vanguard Group Inc. raised its holdings in Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after buying an additional 1,222,816 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BA. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Bank of America lifted their target price on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Stifel Nicolaus upped their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Robert W. Baird reduced their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Finally, Susquehanna restated a “positive” rating and set a $230.00 target price on shares of Boeing in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $211.29.

Boeing Stock Performance

Shares of Boeing stock opened at $153.29 on Monday. The stock has a market cap of $94.10 billion, a P/E ratio of -43.18 and a beta of 1.57. The stock’s fifty day moving average is $171.21 and its 200 day moving average is $177.41. The Boeing Company has a one year low of $152.60 and a one year high of $267.54.

Boeing (NYSE:BA) last issued 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 business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period last year, the firm posted ($0.82) EPS. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. Analysts predict that The Boeing Company will post -4.26 EPS for the current year.

Boeing 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.