Account Management LLC Raises Stake in The Boeing Company (NYSE:BA)

Account Management LLC boosted its position in The Boeing Company (NYSE:BA) by 50.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,800 shares of the aircraft producer’s stock after buying an additional 600 shares during the period. Boeing makes up approximately 0.4% of Account Management LLC’s investment portfolio, making the stock its 21st largest holding. Account Management LLC’s holdings in Boeing were worth $328,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BA. New York Life Investment Management LLC boosted its position in Boeing by 1.2% in the 2nd quarter. New York Life Investment Management LLC now owns 79,759 shares of the aircraft producer’s stock worth $14,517,000 after purchasing an additional 930 shares in the last quarter. Wellington Shields Capital Management LLC boosted its position in Boeing by 10.3% in the 2nd quarter. Wellington Shields Capital Management LLC now owns 28,181 shares of the aircraft producer’s stock worth $5,129,000 after purchasing an additional 2,637 shares in the last quarter. Synergy Asset Management LLC boosted its position in Boeing by 21.1% in the 2nd quarter. Synergy Asset Management LLC now owns 1,805 shares of the aircraft producer’s stock worth $329,000 after purchasing an additional 315 shares in the last quarter. Jeppson Wealth Management LLC boosted its position in Boeing by 8.3% in the 2nd quarter. Jeppson Wealth Management LLC now owns 5,829 shares of the aircraft producer’s stock worth $1,061,000 after purchasing an additional 449 shares in the last quarter. Finally, Blue Barn Wealth LLC boosted its position in Boeing by 41.3% in the 2nd quarter. Blue Barn Wealth LLC now owns 1,843 shares of the aircraft producer’s stock worth $335,000 after purchasing an additional 539 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Baird R W upgraded Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Susquehanna restated a “positive” rating and issued a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. Robert W. Baird decreased their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Sanford C. Bernstein decreased 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. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $119.00 target price (down previously from $185.00) on shares of Boeing in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $211.29.

Boeing Trading Down 2.8 %

Shares of BA opened at $157.65 on Friday. The firm has a market cap of $96.78 billion, a P/E ratio of -44.41 and a beta of 1.56. The Boeing Company has a 12-month low of $156.70 and a 12-month high of $267.54. The company’s 50-day moving average price is $176.53 and its 200 day moving average price is $180.81.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share 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 the consensus estimate of $17.35 billion. Boeing’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.82) earnings per share. Equities research analysts forecast that The Boeing Company will post -4.26 earnings per share for the current 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.