Duff & Phelps Investment Management Co. raised its stake in shares of The Boeing Company (NYSE:BA – Get Rating) by 3.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,885 shares of the aircraft producer's stock after purchasing an additional 170 shares during the quarter. Duff & Phelps Investment Management Co.'s holdings in Boeing were worth $1,127,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of BA. CarsonAllaria Wealth Management Ltd. bought a new stake in Boeing in the 4th quarter valued at approximately $28,000. Lloyd Advisory Services LLC. lifted its stake in Boeing by 1,092.3% in the 1st quarter. Lloyd Advisory Services LLC. now owns 155 shares of the aircraft producer's stock valued at $30,000 after acquiring an additional 142 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in Boeing by 42.1% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 189 shares of the aircraft producer's stock valued at $36,000 after acquiring an additional 56 shares in the last quarter. Delos Wealth Advisors LLC lifted its stake in Boeing by 6,466.7% in the 4th quarter. Delos Wealth Advisors LLC now owns 197 shares of the aircraft producer's stock valued at $40,000 after acquiring an additional 194 shares in the last quarter. Finally, CKW Financial Group lifted its stake in Boeing by 25.0% in the 4th quarter. CKW Financial Group now owns 250 shares of the aircraft producer's stock valued at $50,000 after acquiring an additional 50 shares in the last quarter. 53.96% of the stock is currently owned by institutional investors and hedge funds.
Get Boeing alerts:Wall Street Analyst Weigh In
BA has been the topic of a number of analyst reports. Jefferies Financial Group dropped their price objective on Boeing from $270.00 to $225.00 and set a "buy" rating on the stock in a research note on Monday, May 2nd. Benchmark dropped their price objective on Boeing from $250.00 to $200.00 and set a "buy" rating on the stock in a research note on Friday, July 15th. The Goldman Sachs Group set a $281.00 price objective on Boeing in a research note on Wednesday, August 10th. Robert W. Baird reiterated an "outperform" rating and set a $245.00 price objective on shares of Boeing in a research note on Thursday, July 7th. Finally, Sanford C. Bernstein dropped their price target on Boeing from $239.00 to $216.00 in a research note on Thursday, April 28th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and a consensus target price of $219.56.
Boeing Stock Performance
BA opened at $162.92 on Friday. The firm has a market cap of $96.74 billion, a P/E ratio of -18.20 and a beta of 1.38. The Boeing Company has a 52-week low of $113.02 and a 52-week high of $233.94. The business's fifty day moving average is $150.30 and its 200-day moving average is $164.08.Boeing (NYSE:BA – Get Rating) last released its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.23). The firm had revenue of $16.68 billion during the quarter, compared to the consensus estimate of $17.53 billion. The business's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share. On average, research analysts predict that The Boeing Company will post -1.69 earnings per share for the current fiscal year.
Boeing Profile
(Get Rating)
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
Recommended Stories
- Get a free copy of the StockNews.com research report on Boeing (BA)
- 2 EV Suppliers Powering To Gains After Raising Views
- Applied Materials Results Show A Slowing Semiconductor Market
- MarketBeat: Week in Review 8/15 – 8/19
- Near-Term Headwinds Present An Opportunity In Ross Stores
- Apple's Stock Could Be On The Verge Of Another 30% Rally
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA – Get Rating).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.