Darwin Wealth Management LLC Invests $86,000 in The Boeing Company (NYSE:BA)

Darwin Wealth Management LLC purchased a new position in The Boeing Company (NYSE:BA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 568 shares of the aircraft producer’s stock, valued at approximately $86,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cedar Wealth Management LLC purchased a new position in shares of Boeing in the 3rd quarter worth $30,000. Kiely Wealth Advisory Group Inc. purchased a new position in shares of Boeing in the 2nd quarter worth $33,000. Hobbs Group Advisors LLC purchased a new position in Boeing during the second quarter valued at $34,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Boeing during the second quarter valued at $39,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BA shares. The Goldman Sachs Group lowered their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. TD Cowen lowered their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lowered their target price on Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday, October 14th. Finally, UBS Group lowered their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $190.37.

Boeing Trading Up 0.4 %

Shares of BA opened at $146.11 on Thursday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54. The company has a market cap of $90.33 billion, a P/E ratio of -11.33 and a beta of 1.57. The company’s fifty day simple moving average is $152.22 and its 200-day simple moving average is $168.79.

Boeing (NYSE:BA) last announced its earnings results 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 firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the company posted ($3.26) earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts predict that The Boeing Company will post -16.2 earnings per share for the current fiscal year.

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.