Planning Capital Management Corp Buys 289 Shares of The Boeing Company (NYSE:BA)

Planning Capital Management Corp lifted its stake in shares of The Boeing Company (NYSE:BA) by 741.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 328 shares of the aircraft producer’s stock after acquiring an additional 289 shares during the quarter. Planning Capital Management Corp’s holdings in Boeing were worth $50,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing during the 2nd quarter valued at approximately $33,000. Hobbs Group Advisors LLC bought a new stake in Boeing during the 2nd quarter valued at approximately $34,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 165 shares during the period. 1620 Investment Advisors Inc. bought a new stake in Boeing during the 2nd quarter valued at approximately $39,000. Finally, Strategic Financial Concepts LLC bought a new stake in Boeing during the 2nd quarter valued at approximately $41,000. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BA. The Goldman Sachs Group cut their price target on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft cut their price target on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, October 15th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing presently has an average rating of “Hold” and an average price target of $190.37.

Boeing Stock Performance

Shares of NYSE BA opened at $138.13 on Friday. The stock has a market capitalization of $85.39 billion, a PE ratio of -10.71 and a beta of 1.57. The Boeing Company has a 52 week low of $137.22 and a 52 week high of $267.54. The stock has a 50 day moving average price of $154.03 and a 200 day moving average price of $169.89.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($3.26) earnings per share. As a group, research analysts forecast that The Boeing Company will post -16.09 EPS for the current year.

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.