93,344 Shares in The Boeing Company (NYSE:BA) Bought by FORA Capital LLC

FORA Capital LLC acquired a new position in shares of The Boeing Company (NYSE:BA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 93,344 shares of the aircraft producer’s stock, valued at approximately $14,192,000. Boeing accounts for 1.7% of FORA Capital LLC’s portfolio, making the stock its 3rd largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in Boeing by 21.3% in the 1st quarter. Janus Henderson Group PLC now owns 93,046 shares of the aircraft producer’s stock valued at $17,948,000 after purchasing an additional 16,342 shares during the last quarter. Tidal Investments LLC raised its position in shares of Boeing by 22.1% in the first quarter. Tidal Investments LLC now owns 36,178 shares of the aircraft producer’s stock valued at $6,973,000 after buying an additional 6,559 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in shares of Boeing by 60.7% in the first quarter. iA Global Asset Management Inc. now owns 16,527 shares of the aircraft producer’s stock worth $3,190,000 after buying an additional 6,242 shares in the last quarter. Plato Investment Management Ltd boosted its position in Boeing by 1,860.7% during the first quarter. Plato Investment Management Ltd now owns 10,078 shares of the aircraft producer’s stock worth $1,945,000 after acquiring an additional 9,564 shares during the last quarter. Finally, Montchanin Asset Management LLC acquired a new position in Boeing during the first quarter worth about $1,674,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BA has been the subject of a number of recent research reports. Jefferies Financial Group cut their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Robert W. Baird cut their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. Wells Fargo & Company cut their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Finally, DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Hold” and a consensus price target of $190.11.

Boeing Trading Down 0.0 %

NYSE BA traded down $0.03 during trading on Wednesday, reaching $150.73. The company’s stock had a trading volume of 938,117 shares, compared to its average volume of 9,165,089. The business’s fifty day moving average price is $151.53 and its 200-day moving average price is $167.88. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the business earned ($3.26) EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts expect that The Boeing Company will post -16.2 earnings per share for the current year.

Boeing 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.