568 Shares in The Boeing Company (NYSE:BA) Purchased by Darwin Wealth Management LLC

Darwin Wealth Management LLC bought a new position in shares of The Boeing Company (NYSE:BA) during the 3rd quarter, HoldingsChannel reports. The firm bought 568 shares of the aircraft producer’s stock, valued at approximately $86,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jennison Associates LLC boosted its holdings in shares of Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after buying an additional 602,143 shares in the last quarter. ING Groep NV purchased a new position in shares of Boeing during the 3rd quarter valued at approximately $11,679,000. Lazari Capital Management Inc. grew its stake in Boeing by 55.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock valued at $4,226,000 after acquiring an additional 8,309 shares during the period. Atlanta Consulting Group Advisors LLC grew its stake in Boeing by 537.6% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 7,524 shares of the aircraft producer’s stock valued at $1,144,000 after acquiring an additional 6,344 shares during the period. Finally, Patten & Patten Inc. TN boosted its stake in Boeing by 19.8% during the 3rd quarter. Patten & Patten Inc. TN now owns 24,603 shares of the aircraft producer’s stock worth $3,741,000 after purchasing an additional 4,065 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 0.4 %

BA stock opened at $146.11 on Thursday. The company has a market capitalization of $90.33 billion, a P/E ratio of -11.33 and a beta of 1.57. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54. The business has a 50 day simple moving average of $152.22 and a 200-day simple moving average of $168.79.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($3.26) earnings per share. Research analysts predict that The Boeing Company will post -16.2 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. TD Cowen lowered their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Wells Fargo & Company reduced their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Finally, Susquehanna reduced their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $190.37.

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.