One Charles Private Wealth Services LLC Makes New $230,000 Investment in The Boeing Company (NYSE:BA)

One Charles Private Wealth Services LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 959 shares of the aircraft producer’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC purchased a new position in shares of The Boeing during the 1st quarter valued at about $25,000. Baldrige Asset Management LLC purchased a new position in shares of The Boeing during the 2nd quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of The Boeing during the 1st quarter valued at about $28,000. Cypress Capital LLC raised its stake in shares of The Boeing by 143.9% during the 1st quarter. Cypress Capital LLC now owns 161 shares of the aircraft producer’s stock valued at $41,000 after buying an additional 95 shares during the last quarter. Finally, Smith Asset Management Group LP purchased a new position in shares of The Boeing during the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 53.13% of the company’s stock.

Several equities analysts recently weighed in on BA shares. JPMorgan Chase & Co. set a $270.00 price target on The Boeing in a research note on Wednesday, August 11th. lifted their price target on The Boeing from $200.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, May 21st. Berenberg Bank lifted their price target on The Boeing from $215.00 to $245.00 and gave the company a “hold” rating in a research note on Tuesday, June 15th. Wells Fargo & Company lifted their price target on The Boeing from $244.00 to $254.00 and gave the company an “equal weight” rating in a research note on Friday, July 30th. Finally, The Goldman Sachs Group cut their price target on The Boeing from $304.00 to $267.52 and set a “buy” rating for the company in a research note on Thursday, July 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $256.72.

NYSE BA traded up $0.83 on Wednesday, reaching $212.40. The stock had a trading volume of 38,666 shares, compared to its average volume of 13,319,883. The firm has a market capitalization of $124.50 billion, a price-to-earnings ratio of -13.77 and a beta of 1.61. The Boeing Company has a 12-month low of $141.58 and a 12-month high of $278.57. The stock has a fifty day moving average price of $223.45 and a two-hundred day moving average price of $235.74.

The Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, July 27th. The aircraft producer reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.83) by $1.23. The company had revenue of $17 billion for the quarter, compared to analysts’ expectations of $17.03 billion. On average, sell-side analysts expect that The Boeing Company will post -0.21 earnings per share for the current year.

The Boeing Company Profile

The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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