FSA Wealth Management LLC Invests $106,000 in The Boeing Company (NYSE:BA)

FSA Wealth Management LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 700 shares of the aircraft producer’s stock, valued at approximately $106,000.

A number of other hedge funds also recently bought and sold shares of BA. GAMMA Investing LLC raised its position in Boeing by 47.0% in the 2nd quarter. GAMMA Investing LLC now owns 3,805 shares of the aircraft producer’s stock worth $693,000 after purchasing an additional 1,216 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Boeing by 10.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 2,789 shares of the aircraft producer’s stock worth $508,000 after buying an additional 271 shares during the period. Versant Capital Management Inc lifted its stake in shares of Boeing by 32.5% in the 2nd quarter. Versant Capital Management Inc now owns 579 shares of the aircraft producer’s stock valued at $105,000 after acquiring an additional 142 shares during the last quarter. Bank & Trust Co purchased a new stake in Boeing during the 2nd quarter valued at about $50,000. Finally, City State Bank grew its position in Boeing by 21.1% during the 2nd quarter. City State Bank now owns 1,995 shares of the aircraft producer’s stock worth $363,000 after acquiring an additional 347 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on BA shares. Wells Fargo & Company lowered their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. UBS Group dropped their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. TD Cowen dropped their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, The Goldman Sachs Group reduced their price target on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $190.11.

Boeing Trading Up 2.0 %

BA stock opened at $155.44 on Friday. The firm has a 50 day moving average price of $151.48 and a 200-day moving average price of $167.41. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the firm earned ($3.26) EPS. The company’s revenue was down 1.5% compared to the same quarter last year. Research analysts predict that The Boeing Company will post -16.19 earnings per share for the current fiscal 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.