1,849 Shares in The Boeing Company (NYSE:BA) Bought by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC acquired a new position in shares of The Boeing Company (NYSE:BA) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,849 shares of the aircraft producer’s stock, valued at approximately $281,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Boeing by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after buying an additional 1,222,816 shares during the last quarter. Newport Trust Company LLC increased its stake in Boeing by 1.2% in the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after buying an additional 388,633 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Boeing by 1.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock valued at $1,386,757,000 after buying an additional 106,513 shares during the last quarter. Jennison Associates LLC increased its stake in Boeing by 14.1% in the 1st quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock valued at $811,221,000 after buying an additional 518,952 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Boeing by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer’s stock valued at $624,749,000 after buying an additional 67,474 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 0.5 %

Shares of NYSE:BA traded up $0.71 during midday trading on Thursday, reaching $155.61. The company’s stock had a trading volume of 2,852,420 shares, compared to its average volume of 8,053,105. The Boeing Company has a 12-month low of $146.02 and a 12-month high of $267.54. The firm has a 50 day moving average of $161.63 and a 200-day moving average of $173.00. The firm has a market capitalization of $95.53 billion, a P/E ratio of -43.75 and a beta of 1.57.

Boeing (NYSE:BA) last announced 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 company had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter last year, the business earned ($0.82) earnings per share. The business’s revenue was down 14.6% compared to the same quarter last year. On average, research analysts predict that The Boeing Company will post -5.35 EPS for the current year.

Wall Street Analyst Weigh In

BA has been the subject of several research analyst reports. The Goldman Sachs Group reduced their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. 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. Jefferies Financial Group lowered their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Wells Fargo & Company decreased their price target on shares of Boeing from $110.00 to $109.00 and set an “underweight” rating for the company in a research report on Monday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.32.

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.