Envestnet Asset Management Inc. Has $101.26 Million Holdings in The Boeing Company (NYSE:BA)

Envestnet Asset Management Inc. grew its position in The Boeing Company (NYSE:BA) by 10.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 556,361 shares of the aircraft producer’s stock after purchasing an additional 50,767 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of Boeing worth $101,263,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new stake in Boeing in the 4th quarter valued at about $26,000. Vima LLC acquired a new stake in Boeing during the fourth quarter worth approximately $34,000. Accent Capital Management LLC bought a new position in Boeing during the 4th quarter worth $39,000. Frank Rimerman Advisors LLC acquired a new position in Boeing in the 4th quarter valued at $48,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of Boeing during the 2nd quarter valued at $34,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BA shares. Bank of America boosted their price target on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. Stifel Nicolaus boosted their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Wells Fargo & Company restated an “underweight” rating and set a $119.00 price objective (down from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Finally, Robert W. Baird reduced their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $211.29.

Boeing Price Performance

Shares of NYSE BA opened at $156.38 on Wednesday. The company has a 50 day simple moving average of $172.95 and a 200 day simple moving average of $178.39. The Boeing Company has a 1 year low of $154.02 and a 1 year high of $267.54. The firm has a market cap of $96.00 billion, a PE ratio of -44.05 and a beta of 1.57.

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 firm had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.82) EPS. As a group, research analysts anticipate that The Boeing Company will post -4.26 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.