The Boeing Company (NYSE:BA) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in The Boeing Company (NYSE:BA) by 6.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,069 shares of the aircraft producer’s stock after acquiring an additional 264 shares during the period. GAMMA Investing LLC’s holdings in Boeing were worth $619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in BA. Wellington Management Group LLP lifted its position in Boeing by 563.9% during the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after buying an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Boeing by 23.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after buying an additional 1,884,850 shares in the last quarter. Global Assets Advisory LLC purchased a new position in Boeing during the first quarter worth approximately $272,312,000. Vanguard Group Inc. lifted its position in Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after buying an additional 1,222,816 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Boeing by 9,626.0% during the second quarter. Van ECK Associates Corp now owns 1,026,092 shares of the aircraft producer’s stock worth $186,759,000 after buying an additional 1,015,542 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BA. Bank of America lifted their price objective on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Sanford C. Bernstein reduced their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Jefferies Financial Group reduced their target price on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Susquehanna restated a “positive” rating and issued a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. Finally, Wells Fargo & Company reduced their target price on Boeing from $119.00 to $110.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average price target of $206.00.

Boeing Stock Down 0.8 %

Shares of NYSE BA opened at $154.64 on Wednesday. The business has a 50-day moving average price of $164.89 and a 200 day moving average price of $174.83. The stock has a market cap of $94.93 billion, a PE ratio of -43.68 and a beta of 1.57. 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 data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS 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 analysts’ expectations of $17.35 billion. The firm’s revenue was down 14.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.82) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -4.27 earnings per share for the current 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.