Rockingstone Advisors LLC Raises Position in The Boeing Company (NYSE:BA)

Rockingstone Advisors LLC increased its holdings in The Boeing Company (NYSE:BA) by 33.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,190 shares of the aircraft producer’s stock after purchasing an additional 1,563 shares during the quarter. Rockingstone Advisors LLC’s holdings in Boeing were worth $941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC boosted its stake in shares of Boeing by 0.4% during the 4th quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock worth $3,895,000 after purchasing an additional 56 shares during the period. Madison Park Capital Advisors LLC boosted its stake in shares of Boeing by 4.9% during the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after purchasing an additional 56 shares during the period. Bridge Creek Capital Management LLC boosted its stake in shares of Boeing by 3.1% during the 1st quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock worth $383,000 after purchasing an additional 60 shares during the period. Wealth Alliance Advisory Group LLC boosted its stake in shares of Boeing by 1.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after purchasing an additional 60 shares during the period. Finally, Angeles Wealth Management LLC boosted its stake in shares of Boeing by 4.2% during the 1st quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock worth $294,000 after purchasing an additional 61 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Sanford C. Bernstein dropped their price target on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Bank of America lifted their price objective on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Wells Fargo & Company decreased their price objective on shares of Boeing from $119.00 to $110.00 and set an “underweight” rating for the company in a report on Tuesday, October 1st. Susquehanna reiterated a “positive” rating and set a $230.00 price objective on shares of Boeing in a report on Wednesday, August 14th. Finally, The Goldman Sachs Group decreased their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $206.00.

Boeing Stock Down 0.8 %

Shares of Boeing stock opened at $154.64 on Wednesday. The firm’s 50 day moving average price is $164.89 and its 200-day moving average price is $174.83. The Boeing Company has a 52-week low of $149.49 and a 52-week high of $267.54. The company has a market cap of $94.93 billion, a P/E ratio of -43.56 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (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 analysts’ expectations of $17.35 billion. During the same quarter in the prior year, the firm posted ($0.82) earnings per share. The firm’s revenue was down 14.6% on a year-over-year basis. As a group, equities research analysts forecast that The Boeing Company will post -4.27 EPS 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.