The Boeing Company (NYSE:BA) Shares Acquired by Account Management LLC

Account Management LLC lifted its stake in shares of The Boeing Company (NYSE:BA) by 50.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,800 shares of the aircraft producer’s stock after purchasing an additional 600 shares during the period. Boeing comprises approximately 0.4% of Account Management LLC’s portfolio, making the stock its 21st largest holding. Account Management LLC’s holdings in Boeing were worth $328,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brio Consultants LLC acquired a new position in Boeing in the fourth quarter valued at approximately $207,000. Van ECK Associates Corp boosted its holdings in Boeing by 11.6% in the fourth quarter. Van ECK Associates Corp now owns 3,426 shares of the aircraft producer’s stock valued at $893,000 after purchasing an additional 357 shares in the last quarter. Gryphon Financial Partners LLC acquired a new position in Boeing in the fourth quarter valued at approximately $258,000. E Fund Management Co. Ltd. acquired a new position in Boeing in the fourth quarter valued at approximately $200,000. Finally, Principal Securities Inc. acquired a new position in Boeing in the fourth quarter valued at approximately $1,940,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

Boeing stock opened at $157.65 on Friday. The firm has a market capitalization of $96.78 billion, a price-to-earnings ratio of -44.41 and a beta of 1.56. The Boeing Company has a fifty-two week low of $156.70 and a fifty-two week high of $267.54. The stock’s fifty day moving average is $176.53 and its two-hundred day moving average is $180.81.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The business’s revenue was down 14.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.82) earnings per share. As a group, sell-side analysts forecast that The Boeing Company will post -4.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America upped their price target on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Baird R W upgraded Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $225.00 price target on shares of Boeing in a research note on Tuesday, June 25th. UBS Group cut their price target on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Finally, Susquehanna restated a “positive” rating and set a $230.00 price target on shares of Boeing in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $211.29.

About Boeing

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.