The Boeing Company (NYSE:BA) Shares Bought by Marcum Wealth LLC

Marcum Wealth LLC raised its position in The Boeing Company (NYSE:BA) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,850 shares of the aircraft producer’s stock after buying an additional 1,017 shares during the period. Marcum Wealth LLC’s holdings in Boeing were worth $1,650,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BA. Lazari Capital Management Inc. boosted its position in shares of Boeing by 55.7% during the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock valued at $4,226,000 after acquiring an additional 8,309 shares during the last quarter. Sanders Morris Harris LLC grew its stake in shares of Boeing by 869.1% in the 1st quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock valued at $4,395,000 after buying an additional 20,425 shares during the period. Czech National Bank raised its holdings in shares of Boeing by 8.4% in the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after buying an additional 9,281 shares during the period. Park Avenue Securities LLC increased its stake in Boeing by 20.7% during the first quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock worth $2,035,000 after purchasing an additional 1,805 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Boeing in the second quarter valued at approximately $21,405,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of Boeing from $119.00 to $110.00 and set an “underweight” rating on the stock in a report on Tuesday, October 1st. Bank of America upped their price target on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft decreased their price target on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Jefferies Financial Group decreased their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Finally, Sanford C. Bernstein lowered their price objective on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $206.00.

Boeing Stock Down 3.4 %

BA stock opened at $149.35 on Thursday. The company has a market cap of $91.68 billion, a price-to-earnings ratio of -42.07 and a beta of 1.57. The business has a fifty day simple moving average of $164.24 and a 200-day simple moving average of $174.59. The Boeing Company has a 52 week low of $148.80 and a 52 week high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.82) earnings per share. As a group, analysts expect that The Boeing Company will post -4.27 earnings per share for the current fiscal year.

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.