Pacifica Partners Inc. Acquires 210 Shares of The Boeing Company (NYSE:BA)

Pacifica Partners Inc. lifted its position in The Boeing Company (NYSE:BA) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,285 shares of the aircraft producer’s stock after buying an additional 210 shares during the quarter. Pacifica Partners Inc.’s holdings in Boeing were worth $1,412,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Chicago Partners Investment Group LLC grew its stake in shares of Boeing by 0.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after buying an additional 56 shares in the last quarter. Madison Park Capital Advisors LLC grew its stake in shares of Boeing by 4.9% in the second 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 in the last quarter. Bridge Creek Capital Management LLC grew its stake in shares of Boeing by 3.1% in the first quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after buying an additional 60 shares in the last quarter. Wealth Alliance Advisory Group LLC grew its stake in shares of Boeing by 1.6% in the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after buying an additional 60 shares in the last quarter. Finally, Angeles Wealth Management LLC grew its stake in shares of Boeing by 4.2% in the first quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock valued at $294,000 after buying an additional 61 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BA shares. Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of Boeing in a research note on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft cut 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. Sanford C. Bernstein cut their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Stifel Nicolaus raised 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. Finally, Bank of America raised their price target on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average price target of $206.00.

Boeing Stock Up 0.5 %

BA stock opened at $155.81 on Tuesday. The company has a market cap of $95.65 billion, a PE ratio of -43.89 and a beta of 1.57. The business has a 50-day simple moving average of $165.48 and a 200 day simple moving average of $175.06. The Boeing Company has a 52 week low of $149.49 and a 52 week high of $267.54.

Boeing (NYSE:BA) last posted 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 company had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.82) earnings per share. On average, analysts anticipate that The Boeing Company will post -4.27 EPS for the current fiscal year.

About Boeing

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.