EverSource Wealth Advisors LLC Boosts Holdings in The Boeing Company (NYSE:BA)

EverSource Wealth Advisors LLC increased its holdings in The Boeing Company (NYSE:BA) by 13.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,516 shares of the aircraft producer’s stock after acquiring an additional 786 shares during the period. EverSource Wealth Advisors LLC’s holdings in Boeing were worth $1,242,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $26,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of Boeing in the 2nd quarter valued at $33,000. Vima LLC acquired a new position in Boeing during the 4th quarter worth about $34,000. Hobbs Group Advisors LLC acquired a new position in Boeing during the 2nd quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. boosted its holdings in Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after acquiring an additional 158 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Robert W. Baird cut their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. UBS Group cut their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 price target on shares of Boeing in a research note on Tuesday, June 25th. Baird R W upgraded Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Finally, 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. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $211.29.

Boeing Stock Down 0.8 %

Shares of BA stock 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 stock’s 50-day moving average price is $171.21 and its 200 day moving average price is $177.41. The stock has a market capitalization of $94.10 billion, a PE ratio of -43.18 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) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. Boeing’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.82) earnings per share. Analysts expect that The Boeing Company will post -4.26 earnings per share for the current fiscal 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.