The Boeing Company (NYSE:BA) Shares Bought by Embree Financial Group

Embree Financial Group raised its holdings in The Boeing Company (NYSE:BA) by 52.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,109 shares of the aircraft producer’s stock after acquiring an additional 1,063 shares during the quarter. Embree Financial Group’s holdings in Boeing were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. TriaGen Wealth Management LLC lifted its holdings in Boeing by 335.3% in the 3rd quarter. TriaGen Wealth Management LLC now owns 12,736 shares of the aircraft producer’s stock valued at $1,936,000 after acquiring an additional 9,810 shares during the last quarter. Raymond James & Associates lifted its holdings in Boeing by 2.5% in the 3rd quarter. Raymond James & Associates now owns 993,170 shares of the aircraft producer’s stock valued at $151,001,000 after acquiring an additional 24,443 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in Boeing by 2.3% during the third quarter. First Citizens Bank & Trust Co. now owns 7,697 shares of the aircraft producer’s stock valued at $1,170,000 after buying an additional 173 shares in the last quarter. Blue Trust Inc. lifted its stake in Boeing by 11.0% during the third quarter. Blue Trust Inc. now owns 15,950 shares of the aircraft producer’s stock valued at $2,425,000 after buying an additional 1,586 shares in the last quarter. Finally, Inspire Advisors LLC lifted its stake in Boeing by 8.1% during the third quarter. Inspire Advisors LLC now owns 2,844 shares of the aircraft producer’s stock valued at $432,000 after buying an additional 214 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. Stifel Nicolaus increased their price target on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Susquehanna reduced their price target on shares of Boeing from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Thursday. Finally, Sanford C. Bernstein reduced their price target on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $198.79.

Boeing Stock Down 0.2 %

Shares of BA stock opened at $155.00 on Friday. The Boeing Company has a 12 month low of $146.02 and a 12 month high of $267.54. The business’s 50 day moving average is $161.10 and its two-hundred day moving average is $172.53. The company has a market cap of $95.15 billion, a PE ratio of -43.66 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The firm’s revenue was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.82) EPS. As a group, equities analysts expect that The Boeing Company will post -5.35 EPS for the current fiscal year.

Boeing Company 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.