The Boeing Company (NYSE:BA) Shares Bought by Crane Advisory LLC

Crane Advisory LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 16.1% in the 3rd quarter, Holdings Channel reports. The fund owned 2,272 shares of the aircraft producer’s stock after buying an additional 315 shares during the period. Crane Advisory LLC’s holdings in Boeing were worth $351,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Madison Park Capital Advisors LLC raised its stake in Boeing by 4.9% in the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after acquiring an additional 56 shares during the period. Bridge Creek Capital Management LLC raised its stake in Boeing by 3.1% in the 1st quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after acquiring an additional 60 shares during the period. Wealth Alliance Advisory Group LLC raised its stake in Boeing by 1.6% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after acquiring an additional 60 shares during the period. Angeles Wealth Management LLC raised its stake in Boeing by 4.2% in the 1st 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 during the period. Finally, IMS Capital Management raised its stake in Boeing by 0.4% in the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after acquiring an additional 62 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 2.3 %

Shares of BA stock opened at $152.45 on Wednesday. The business’s 50-day moving average price is $161.80 and its 200-day moving average price is $173.13. The firm has a market capitalization of $93.59 billion, a price-to-earnings ratio of -42.94 and a beta of 1.57. The Boeing Company has a 12 month low of $146.02 and a 12 month high of $267.54.

Boeing (NYSE:BA) last posted 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 during the quarter, compared to the consensus estimate of $17.35 billion. Boeing’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.82) earnings per share. On average, sell-side analysts predict that The Boeing Company will post -5.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Susquehanna reiterated a “positive” rating and set a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. JPMorgan Chase & Co. lowered their price objective on Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday. TD Cowen lowered their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday. Jefferies Financial Group lowered their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Finally, Wells Fargo & Company lowered their price objective on Boeing from $110.00 to $109.00 and set an “underweight” rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.00.

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.