Global Financial Private Client LLC Buys 1,460 Shares of The Boeing Company (NYSE:BA)

Global Financial Private Client LLC grew its stake in The Boeing Company (NYSE:BA) by 59.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,902 shares of the aircraft producer’s stock after acquiring an additional 1,460 shares during the period. Global Financial Private Client LLC’s holdings in Boeing were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Argent Advisors Inc. increased its holdings in shares of Boeing by 3.9% in the second quarter. Argent Advisors Inc. now owns 4,538 shares of the aircraft producer’s stock valued at $826,000 after purchasing an additional 171 shares in the last quarter. Emprise Bank increased its stake in shares of Boeing by 12.6% in the 2nd quarter. Emprise Bank now owns 1,793 shares of the aircraft producer’s stock valued at $326,000 after buying an additional 200 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Boeing by 1.3% during the second quarter. Crossmark Global Holdings Inc. now owns 14,536 shares of the aircraft producer’s stock worth $2,646,000 after acquiring an additional 185 shares during the last quarter. Washington Trust Bank lifted its stake in shares of Boeing by 8.9% during the second quarter. Washington Trust Bank now owns 63,521 shares of the aircraft producer’s stock valued at $11,561,000 after acquiring an additional 5,189 shares during the period. Finally, Crewe Advisors LLC boosted its holdings in Boeing by 2.5% in the second quarter. Crewe Advisors LLC now owns 3,978 shares of the aircraft producer’s stock valued at $724,000 after acquiring an additional 96 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

Boeing stock traded up $1.59 during midday trading on Friday, reaching $173.85. The stock had a trading volume of 4,144,066 shares, compared to its average volume of 7,852,250. The stock has a market capitalization of $106.72 billion, a P/E ratio of -48.97 and a beta of 1.56. The firm’s fifty day simple moving average is $178.18 and its 200-day simple moving average is $182.46. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter in the previous year, the business earned ($0.82) EPS. The firm’s revenue was down 14.6% compared to the same quarter last year. On average, sell-side analysts anticipate that The Boeing Company will post -2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on BA shares. UBS Group dropped their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 price objective on shares of Boeing in a report on Tuesday, June 25th. Wells Fargo & Company lowered their target price on shares of Boeing from $190.00 to $185.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Susquehanna reissued a “positive” rating and issued a $230.00 price target on shares of Boeing in a research note on Wednesday, August 14th. Finally, Sanford C. Bernstein decreased their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $215.18.

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.