The Boeing Company (NYSE:BA) Stock Holdings Raised by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lifted its holdings in shares of The Boeing Company (NYSE:BA) by 6.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,278 shares of the aircraft producer’s stock after buying an additional 3,869 shares during the period. Pinnacle Associates Ltd.’s holdings in Boeing were worth $9,469,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BA. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing during the 2nd quarter valued at about $33,000. Hobbs Group Advisors LLC bought a new stake in shares of Boeing during the 2nd quarter valued at about $34,000. McClarren Financial Advisors Inc. grew its position in shares of Boeing by 451.4% during 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. Harel Insurance Investments & Financial Services Ltd. grew 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 buying an additional 165 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Boeing during the 2nd quarter valued at about $39,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. decreased their target price on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research report on Tuesday, October 15th. Finally, Morgan Stanley decreased their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing currently has an average rating of “Hold” and an average target price of $190.42.

Boeing Stock Performance

Boeing stock opened at $154.24 on Thursday. The firm has a market cap of $94.69 billion, a PE ratio of -43.45 and a beta of 1.57. The firm’s 50 day moving average price is $158.34 and its two-hundred day moving average price is $171.24. The Boeing Company has a twelve month low of $146.02 and a twelve month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data 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 business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($3.26) EPS. Equities analysts anticipate that The Boeing Company will post -5.35 EPS for the current fiscal 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.