Key Financial Inc Has $1.22 Million Position in The Boeing Company (NYSE:BA)

Key Financial Inc lifted its stake in The Boeing Company (NYSE:BA) by 60.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,001 shares of the aircraft producer’s stock after acquiring an additional 3,009 shares during the quarter. Key Financial Inc’s holdings in Boeing were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BA. International Assets Investment Management LLC boosted its stake in shares of Boeing by 289.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock worth $2,558,790,000 after acquiring an additional 1,251,165 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after purchasing an additional 1,222,816 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Boeing by 9,626.0% in the second quarter. Van ECK Associates Corp now owns 1,026,092 shares of the aircraft producer’s stock worth $186,759,000 after purchasing an additional 1,015,542 shares during the period. Wulff Hansen & CO. lifted its position in shares of Boeing by 15,039.0% during the 2nd quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock worth $176,073,000 after purchasing an additional 960,993 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Boeing by 14.1% during the 1st quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock valued at $811,221,000 after purchasing an additional 518,952 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Up 3.5 %

Shares of BA traded up $5.28 on Friday, reaching $154.59. 18,894,509 shares of the company’s stock were exchanged, compared to its average volume of 8,816,144. The business has a 50 day moving average price of $157.46 and a two-hundred day moving average price of $171.00. The Boeing Company has a 12 month low of $146.02 and a 12 month high of $267.54. The stock has a market capitalization of $95.57 billion, a P/E ratio of -11.98 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the business posted ($3.26) earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts predict that The Boeing Company will post -16.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BA. Morgan Stanley reduced their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. The Goldman Sachs Group decreased their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Robert W. Baird lowered their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Benchmark reiterated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Finally, Stifel Nicolaus lifted their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $190.42.

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.