The Boeing Company (NYSE:BA) Shares Acquired by Ballast Inc.

Ballast Inc. raised its holdings in The Boeing Company (NYSE:BA) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,910 shares of the aircraft producer’s stock after purchasing an additional 151 shares during the period. Ballast Inc.’s holdings in Boeing were worth $1,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Madison Park Capital Advisors LLC increased its holdings in shares of Boeing by 4.9% during the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after purchasing an additional 56 shares during the period. Bridge Creek Capital Management LLC increased its stake in Boeing by 3.1% during the 1st quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after buying an additional 60 shares during the period. Wealth Alliance Advisory Group LLC lifted its stake in shares of Boeing by 1.6% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after acquiring an additional 60 shares during the period. Angeles Wealth Management LLC boosted its holdings in shares of Boeing by 4.2% in the first quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock valued at $294,000 after acquiring an additional 61 shares in the last quarter. Finally, IMS Capital Management raised its holdings in Boeing by 0.4% during the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after purchasing an additional 62 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of BA opened at $155.31 on Friday. The firm has a market capitalization of $95.34 billion, a PE ratio of -43.75 and a beta of 1.57. The stock has a 50 day simple moving average of $161.36 and a 200 day simple moving average of $172.88. The Boeing Company has a 52-week low of $146.02 and a 52-week high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.82) EPS. Equities research analysts predict that The Boeing Company will post -5.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the topic of a number of research reports. Sanford C. Bernstein dropped their target price on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday. Susquehanna dropped their target price on shares of Boeing from $230.00 to $210.00 and set a “positive” rating on the stock in a research report on Thursday. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research report on Tuesday. Wells Fargo & Company reduced their price target on Boeing from $110.00 to $109.00 and set an “underweight” rating for the company in a report on Monday. Finally, Citigroup dropped their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $199.32.

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.