1,202 Shares in The Boeing Company (NYSE:BA) Purchased by GDS Wealth Management

GDS Wealth Management bought a new position in The Boeing Company (NYSE:BA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,202 shares of the aircraft producer’s stock, valued at approximately $219,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC purchased a new position in Boeing during the fourth quarter valued at approximately $26,000. Vima LLC bought a new position in Boeing in the 4th quarter valued at $34,000. Hobbs Group Advisors LLC purchased a new position in shares of Boeing during the 2nd quarter valued at $34,000. McClarren Financial Advisors Inc. increased its holdings in shares of Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares during the period. Finally, Accent Capital Management LLC purchased a new stake in shares of Boeing in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on BA shares. Baird R W upgraded Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Wells Fargo & Company restated an “underweight” rating and issued a $119.00 price objective (down from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Bank of America lifted their target price on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Robert W. Baird decreased their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Finally, UBS Group lowered their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $211.29.

Boeing Stock Performance

Shares of BA stock opened at $155.54 on Tuesday. The Boeing Company has a fifty-two week low of $154.02 and a fifty-two week high of $267.54. The company has a market capitalization of $95.48 billion, a P/E ratio of -43.81 and a beta of 1.57. The stock has a 50 day moving average price of $173.49 and a two-hundred day moving average price of $178.70.

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