Aurora Private Wealth Inc. lowered its position in The Boeing Company (NYSE:BA – Get Rating) by 8.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,963 shares of the aircraft producer's stock after selling 173 shares during the period. Aurora Private Wealth Inc.'s holdings in Boeing were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of BA. Lloyd Advisory Services LLC. boosted its position in Boeing by 1,092.3% in the 1st quarter. Lloyd Advisory Services LLC. now owns 155 shares of the aircraft producer's stock worth $30,000 after purchasing an additional 142 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of Boeing by 42.1% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 189 shares of the aircraft producer's stock worth $36,000 after buying an additional 56 shares during the period. Delos Wealth Advisors LLC raised its stake in shares of Boeing by 6,466.7% during the 4th quarter. Delos Wealth Advisors LLC now owns 197 shares of the aircraft producer's stock worth $40,000 after buying an additional 194 shares during the period. Laurel Wealth Planning LLC acquired a new position in shares of Boeing during the 1st quarter worth approximately $48,000. Finally, Karlinski Andrew C acquired a new position in shares of Boeing during the 1st quarter worth approximately $48,000. Hedge funds and other institutional investors own 57.10% of the company's stock.
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Boeing Trading Down 2.0 %
Boeing stock traded down $2.46 during midday trading on Friday, reaching $122.87. 163,393 shares of the stock traded hands, compared to its average volume of 6,711,611. The company has a 50-day simple moving average of $156.14 and a two-hundred day simple moving average of $154.43. The Boeing Company has a 12-month low of $113.02 and a 12-month high of $233.94. The firm has a market cap of $72.96 billion, a PE ratio of -13.98 and a beta of 1.35.
Boeing (NYSE:BA – Get Rating) last announced its quarterly earnings data 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 analyst estimates of $17.53 billion. The business's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. Equities research analysts anticipate that The Boeing Company will post -1.95 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Morgan Stanley increased their price objective on Boeing from $215.00 to $233.00 and gave the company an "overweight" rating in a research note on Thursday, September 8th. Jefferies Financial Group reissued a "buy" rating and issued a $225.00 price objective on shares of Boeing in a research note on Wednesday. Robert W. Baird reissued an "outperform" rating and issued a $245.00 price objective on shares of Boeing in a research note on Wednesday, September 7th. The Goldman Sachs Group reissued a "buy" rating and issued a $281.00 price objective on shares of Boeing in a research note on Tuesday, August 23rd. Finally, Wells Fargo & Company reduced their price objective on Boeing from $214.00 to $210.00 and set an "overweight" rating for the company in a research note on Thursday, July 28th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $218.07.
Boeing Profile
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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.
Further Reading
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