The Boeing Company (NYSE:BA) Shares Acquired by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. increased its holdings in The Boeing Company (NYSE:BA) by 1.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 24,981 shares of the aircraft producer’s stock after acquiring an additional 424 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Boeing were worth $3,798,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BA. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing in the second quarter worth about $33,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the second quarter worth about $34,000. McClarren Financial Advisors Inc. lifted its stake in shares of Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after acquiring an additional 158 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after acquiring an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Boeing in the second quarter worth about $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. lowered their price objective on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, October 14th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a report on Tuesday, October 15th. Sanford C. Bernstein lowered their price objective on Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Finally, The Goldman Sachs Group lowered their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $198.79.

Boeing Price Performance

Shares of BA stock opened at $159.85 on Wednesday. The Boeing Company has a 12-month low of $146.02 and a 12-month high of $267.54. The firm has a market capitalization of $98.13 billion, a price-to-earnings ratio of -45.03 and a beta of 1.57. The business has a 50 day simple moving average of $160.84 and a 200 day simple moving average of $172.11.

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 company had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period last year, the business earned ($0.82) earnings per share. Boeing’s quarterly revenue was down 14.6% on a year-over-year basis. On average, equities analysts anticipate that The Boeing Company will post -5.35 EPS for the current fiscal year.

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.