The Boeing Company $BA Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its holdings in shares of The Boeing Company (NYSE:BA) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,409 shares of the aircraft producer’s stock after purchasing an additional 4,503 shares during the period. Sequoia Financial Advisors LLC’s holdings in Boeing were worth $13,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. National Pension Service boosted its position in shares of Boeing by 1.0% in the 2nd quarter. National Pension Service now owns 1,666,045 shares of the aircraft producer’s stock valued at $360,649,000 after purchasing an additional 17,061 shares during the period. Engineers Gate Manager LP increased its stake in Boeing by 71.0% in the 2nd quarter. Engineers Gate Manager LP now owns 281,264 shares of the aircraft producer’s stock valued at $60,885,000 after buying an additional 116,818 shares during the period. Capital Analysts LLC raised its holdings in shares of Boeing by 1.4% during the second quarter. Capital Analysts LLC now owns 16,856 shares of the aircraft producer’s stock worth $3,649,000 after acquiring an additional 233 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Boeing by 24.2% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,853 shares of the aircraft producer’s stock worth $1,483,000 after purchasing an additional 1,335 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in Boeing by 16.0% in the second quarter. Integrated Wealth Concepts LLC now owns 42,417 shares of the aircraft producer’s stock valued at $9,182,000 after acquiring an additional 5,862 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on BA. The Goldman Sachs Group downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. William Blair restated an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. Citigroup lowered shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Finally, Barclays cut Boeing from an “equal weight” rating to an “underweight” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $272.58.

Boeing Stock Performance

Shares of NYSE:BA opened at $205.01 on Friday. The business has a 50-day moving average price of $218.81 and a two-hundred day moving average price of $219.27. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The stock has a market capitalization of $162.03 billion, a P/E ratio of 88.75 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The business had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same period in the prior year, the firm posted ($1.24) EPS. Boeing’s revenue was up 8.0% on a year-over-year basis. Equities analysts predict that The Boeing Company will post -0.9 earnings per share for the current year.

About Boeing

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing’s commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.