IFP Advisors Inc raised its holdings in Boeing Co (NYSE:BA) by 7.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,966 shares of the aircraft producer’s stock after purchasing an additional 2,137 shares during the period. IFP Advisors Inc’s holdings in Boeing were worth $10,054,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Boeing by 220.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock valued at $105,000 after purchasing an additional 220 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of Boeing in the 1st quarter valued at approximately $108,000. Advisors Preferred LLC acquired a new position in shares of Boeing in the 1st quarter valued at approximately $111,000. Lucia Wealth Services LLC acquired a new position in shares of Boeing in the 1st quarter valued at approximately $126,000. Finally, Litman Gregory Asset Management LLC acquired a new stake in shares of Boeing during the 1st quarter valued at approximately $131,000. 69.68% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the company. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. JPMorgan Chase & Co. reissued a “buy” rating and set a $400.00 price target on shares of Boeing in a research report on Thursday, July 26th. UBS Group upped their price target on Boeing from $325.00 to $357.00 and gave the company a “neutral” rating in a research report on Thursday, July 26th. Cowen reissued a “buy” rating and set a $430.00 price target on shares of Boeing in a research report on Wednesday, July 25th. Finally, Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $393.00 price target on the stock in a research report on Monday, July 16th. Six analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Boeing currently has a consensus rating of “Buy” and a consensus price target of $400.60.
Shares of BA opened at $372.23 on Monday. The firm has a market cap of $213.85 billion, a P/E ratio of 30.92, a P/E/G ratio of 1.85 and a beta of 1.44. The company has a quick ratio of 0.32, a current ratio of 1.11 and a debt-to-equity ratio of -7.65. Boeing Co has a 12 month low of $251.17 and a 12 month high of $374.48.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 25th. The aircraft producer reported $3.33 EPS for the quarter, missing the Zacks’ consensus estimate of $3.45 by ($0.12). The company had revenue of $24.26 billion for the quarter, compared to the consensus estimate of $24.02 billion. Boeing had a return on equity of 2,344.87% and a net margin of 9.92%. Boeing’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.55 earnings per share. equities analysts forecast that Boeing Co will post 14.6 earnings per share for the current fiscal year.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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