Wealthcare Advisory Partners LLC Raises Stock Position in Boeing Co (NYSE:BA)

Wealthcare Advisory Partners LLC lifted its stake in shares of Boeing Co (NYSE:BA) by 17.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,984 shares of the aircraft producer’s stock after acquiring an additional 291 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Boeing were worth $755,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BA. Claraphi Advisory Network LLC raised its position in Boeing by 3.6% in the 2nd quarter. Claraphi Advisory Network LLC now owns 2,943 shares of the aircraft producer’s stock valued at $1,071,000 after purchasing an additional 103 shares during the last quarter. Dupont Capital Management Corp raised its position in Boeing by 0.3% in the 2nd quarter. Dupont Capital Management Corp now owns 45,420 shares of the aircraft producer’s stock valued at $16,533,000 after purchasing an additional 125 shares during the last quarter. Corrado Advisors LLC raised its position in Boeing by 4.1% in the 2nd quarter. Corrado Advisors LLC now owns 7,901 shares of the aircraft producer’s stock valued at $2,876,000 after purchasing an additional 310 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in Boeing by 1,405.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 30,830 shares of the aircraft producer’s stock valued at $11,222,000 after purchasing an additional 28,782 shares during the last quarter. Finally, Greenleaf Trust raised its position in Boeing by 6.3% in the 2nd quarter. Greenleaf Trust now owns 5,782 shares of the aircraft producer’s stock valued at $2,105,000 after purchasing an additional 342 shares during the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

BA traded down $1.83 during trading on Thursday, hitting $370.60. The stock had a trading volume of 1,075,314 shares, compared to its average volume of 3,321,633. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.03. Boeing Co has a twelve month low of $292.47 and a twelve month high of $446.01. The firm has a market capitalization of $209.99 billion, a P/E ratio of 23.15, a PEG ratio of 12.38 and a beta of 1.25. The company’s 50-day moving average price is $373.07 and its 200 day moving average price is $362.64.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.85 by $1.07. The company had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The firm’s quarterly revenue was down 35.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.33 EPS. As a group, equities analysts expect that Boeing Co will post 3.46 earnings per share for the current fiscal year.

Several analysts recently commented on BA shares. Jefferies Financial Group reduced their price target on shares of Boeing from $448.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Berenberg Bank set a $440.00 price target on shares of Boeing and gave the company a “buy” rating in a research report on Friday, October 11th. Bank of America reduced their price target on shares of Boeing from $420.00 to $415.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Buckingham Research set a $395.00 price objective on shares of Boeing and gave the company a “hold” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley set a $500.00 price objective on shares of Boeing and gave the company a “buy” rating in a research note on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $403.10.

Boeing Profile

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 in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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