3,291 Shares in The Boeing Company (NYSE:BA) Bought by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,291 shares of the aircraft producer’s stock, valued at approximately $500,000.

Several other large investors have also added to or reduced their stakes in BA. QRG Capital Management Inc. increased its stake in shares of Boeing by 6.3% in the third quarter. QRG Capital Management Inc. now owns 53,190 shares of the aircraft producer’s stock worth $8,087,000 after acquiring an additional 3,132 shares during the period. Asset Management One Co. Ltd. grew its position in Boeing by 5.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 319,103 shares of the aircraft producer’s stock worth $48,516,000 after purchasing an additional 15,852 shares during the period. National Pension Service grew its position in Boeing by 8.8% during the 3rd quarter. National Pension Service now owns 965,236 shares of the aircraft producer’s stock worth $146,754,000 after purchasing an additional 78,386 shares during the period. Silicon Valley Capital Partners purchased a new position in shares of Boeing during the 3rd quarter valued at about $149,000. Finally, Chaney Capital Management Inc. lifted its holdings in shares of Boeing by 3.7% in the 3rd quarter. Chaney Capital Management Inc. now owns 2,812 shares of the aircraft producer’s stock valued at $428,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on BA shares. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a report on Tuesday, October 15th. Stifel Nicolaus raised their price objective on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group decreased their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. TD Cowen lowered their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Boeing has an average rating of “Hold” and an average price target of $190.37.

Boeing Price Performance

Shares of NYSE:BA opened at $150.99 on Wednesday. The business’s 50 day moving average price is $156.65 and its 200-day moving average price is $170.77. The Boeing Company has a 1 year low of $146.02 and a 1 year high of $267.54. The firm has a market capitalization of $93.34 billion, a PE ratio of -11.70 and a beta of 1.57.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned ($3.26) earnings per share. As a group, analysts expect that The Boeing Company will post -16.13 earnings per share for the current year.

Boeing 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.