The Boeing Company (NYSE:BA) Shares Purchased by Gateway Advisory LLC

Gateway Advisory LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 3.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,449 shares of the aircraft producer’s stock after buying an additional 803 shares during the quarter. Gateway Advisory LLC’s holdings in Boeing were worth $4,086,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC lifted its stake in Boeing by 0.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock worth $3,895,000 after purchasing an additional 56 shares during the last quarter. Madison Park Capital Advisors LLC boosted its holdings in shares of Boeing by 4.9% in the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after buying an additional 56 shares during the period. Angeles Wealth Management LLC grew its position in shares of Boeing by 4.3% during the 4th quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock valued at $381,000 after buying an additional 60 shares during the last quarter. Bridge Creek Capital Management LLC raised its stake in Boeing by 3.1% during the first quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock worth $383,000 after acquiring an additional 60 shares during the period. Finally, Wealth Alliance Advisory Group LLC lifted its holdings in Boeing by 1.6% in the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

BA stock opened at $156.30 on Tuesday. The stock has a market cap of $95.95 billion, a P/E ratio of -44.03 and a beta of 1.57. The firm has a 50 day simple moving average of $170.76 and a 200 day simple moving average of $177.08. The Boeing Company has a 52 week low of $151.65 and a 52 week high of $267.54.

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 the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. Boeing’s revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.82) earnings per share. Sell-side analysts predict that The Boeing Company will post -4.26 EPS for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research reports. Robert W. Baird dropped their price target 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 reissued a “buy” rating and set a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Jefferies Financial Group lowered their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday. UBS Group reduced their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Finally, Susquehanna restated a “positive” rating and issued a $230.00 price target on shares of Boeing in a research note on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.89.

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.