Kovack Advisors Inc. Buys 1,950 Shares of The Boeing Company (NYSE:BA)

Kovack Advisors Inc. raised its stake in shares of The Boeing Company (NYSE:BA) by 46.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,171 shares of the aircraft producer’s stock after purchasing an additional 1,950 shares during the period. Kovack Advisors Inc.’s holdings in Boeing were worth $938,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing during the 2nd quarter valued at approximately $33,000. Hobbs Group Advisors LLC purchased a new stake in shares of Boeing in the second quarter worth $34,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 165 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of Boeing during the 2nd quarter valued at $39,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Boeing during the 2nd quarter valued at $41,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BA shares. Benchmark reissued a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Stifel Nicolaus boosted their price target on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company dropped their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Jefferies Financial Group reduced their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $190.37.

Boeing Stock Performance

NYSE BA opened at $139.98 on Thursday. The company has a market cap of $86.54 billion, a P/E ratio of -10.85 and a beta of 1.57. The business’s 50 day moving average price is $154.49 and its 200-day moving average price is $170.11. The Boeing Company has a fifty-two week low of $139.10 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the company posted ($3.26) earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities analysts predict that The Boeing Company will post -16.09 EPS for the current year.

Boeing Company 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.