PrairieView Partners LLC bought a new stake in shares of Boeing Co (NYSE:BA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 642 shares of the aircraft producer’s stock, valued at approximately $244,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP raised its stake in Boeing by 25.2% during the first quarter. Marshall Wace LLP now owns 37,662 shares of the aircraft producer’s stock valued at $14,365,000 after buying an additional 7,586 shares during the last quarter. First Pacific Advisors LP raised its stake in Boeing by 15.0% during the first quarter. First Pacific Advisors LP now owns 2,875 shares of the aircraft producer’s stock valued at $1,097,000 after buying an additional 375 shares during the last quarter. Diversified Trust Co raised its stake in Boeing by 4.5% during the first quarter. Diversified Trust Co now owns 1,614 shares of the aircraft producer’s stock valued at $616,000 after buying an additional 70 shares during the last quarter. GYL Financial Synergies LLC raised its stake in Boeing by 6.1% during the first quarter. GYL Financial Synergies LLC now owns 2,645 shares of the aircraft producer’s stock valued at $1,009,000 after buying an additional 152 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in Boeing by 128.1% during the first quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after buying an additional 41 shares during the last quarter. 67.88% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have issued reports on BA shares. ValuEngine cut Boeing from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. decreased their price target on Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Buckingham Research set a $395.00 price target on Boeing and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Berenberg Bank set a $440.00 price target on Boeing and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, Robert W. Baird restated an “outperform” rating and issued a $445.00 price target (down previously from $470.00) on shares of Boeing in a research note on Wednesday, October 2nd. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Boeing currently has a consensus rating of “Hold” and a consensus target price of $403.10.

Boeing stock traded down $0.72 during mid-day trading on Wednesday, reaching $370.24. 310,256 shares of the stock traded hands, compared to its average volume of 3,367,459. The stock has a market capitalization of $210.97 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 12.44 and a beta of 1.25. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01. The business’s 50-day moving average is $372.75 and its 200-day moving average is $362.64.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $1.07. The company had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.05 billion. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. Boeing’s revenue for the quarter was down 35.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.33 earnings per share. Equities analysts anticipate that Boeing Co will post 3.46 EPS for the current fiscal year.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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