Nicholas Hoffman & Company LLC. Grows Stock Holdings in The Boeing Company (NYSE:BA)

Nicholas Hoffman & Company LLC. grew its holdings in The Boeing Company (NYSE:BA) by 9.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,855 shares of the aircraft producer’s stock after acquiring an additional 500 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Boeing were worth $890,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Valmark Advisers Inc. lifted its stake in Boeing by 4.9% in the 3rd quarter. Valmark Advisers Inc. now owns 3,139 shares of the aircraft producer’s stock worth $477,000 after purchasing an additional 147 shares in the last quarter. Tyche Wealth Partners LLC raised its holdings in shares of Boeing by 3.8% during the 3rd quarter. Tyche Wealth Partners LLC now owns 2,701 shares of the aircraft producer’s stock worth $411,000 after acquiring an additional 98 shares in the last quarter. Diversify Advisory Services LLC boosted its position in shares of Boeing by 1.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 6,415 shares of the aircraft producer’s stock valued at $1,026,000 after acquiring an additional 110 shares during the last quarter. MBA Advisors LLC grew its holdings in shares of Boeing by 8.1% in the third quarter. MBA Advisors LLC now owns 1,330 shares of the aircraft producer’s stock valued at $202,000 after purchasing an additional 100 shares in the last quarter. Finally, Fortitude Family Office LLC increased its position in Boeing by 12.6% in the third quarter. Fortitude Family Office LLC now owns 1,790 shares of the aircraft producer’s stock worth $272,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Boeing stock opened at $152.97 on Wednesday. The company has a market capitalization of $93.91 billion, a PE ratio of -43.09 and a beta of 1.57. The company has a 50 day moving average price of $158.72 and a 200-day moving average price of $171.36. The Boeing Company has a fifty-two week low of $146.02 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last issued its earnings results 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 business 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 last year, the company earned ($3.26) EPS. On average, analysts forecast that The Boeing Company will post -5.35 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on BA shares. UBS Group lowered their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group decreased their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Susquehanna dropped their price target on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Finally, Wells Fargo & Company lowered their price objective on Boeing from $109.00 to $86.00 and set an “underweight” rating for the company in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $191.79.

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.