Sterling Investment Advisors Ltd. Has $448,000 Position in The Boeing Company (NYSE:BA)

Sterling Investment Advisors Ltd. boosted its position in The Boeing Company (NYSE:BA) by 25.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,462 shares of the aircraft producer’s stock after purchasing an additional 500 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Boeing were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BA. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing in the 4th quarter worth about $26,000. Vima LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $34,000. Hobbs Group Advisors LLC bought a new stake in shares of Boeing in the 2nd quarter valued at about $34,000. McClarren Financial Advisors Inc. grew its position in shares of Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after buying an additional 158 shares during the last quarter. Finally, Bfsg LLC bought a new stake in shares of Boeing in the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.7 %

Shares of Boeing stock opened at $162.15 on Friday. The company has a market cap of $99.54 billion, a PE ratio of -45.68 and a beta of 1.56. The Boeing Company has a 52 week low of $158.30 and a 52 week high of $267.54. The business has a 50 day moving average price of $177.02 and a 200-day moving average price of $181.13.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. The firm’s revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.82) earnings per share. As a group, research analysts anticipate that The Boeing Company will post -4.26 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on BA. Sanford C. Bernstein reduced their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Robert W. Baird cut their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. UBS Group cut their target price on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $225.00 target price on shares of Boeing in a research report on Tuesday, June 25th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $119.00 target price (down previously from $185.00) on shares of Boeing in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average target price of $211.29.

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.