The Boeing Company (NYSE:BA) Stock Position Raised by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co lifted its position in The Boeing Company (NYSE:BA) by 17.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,350 shares of the aircraft producer’s stock after buying an additional 505 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Boeing were worth $509,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in BA. International Assets Investment Management LLC increased 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 purchasing an additional 1,251,165 shares during the last quarter. Vanguard Group Inc. increased its position in Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after buying an additional 1,222,816 shares during the last quarter. Van ECK Associates Corp raised its holdings in Boeing by 9,626.0% during the second quarter. Van ECK Associates Corp now owns 1,026,092 shares of the aircraft producer’s stock valued at $186,759,000 after buying an additional 1,015,542 shares in the last quarter. Wulff Hansen & CO. raised its holdings in Boeing by 15,039.0% during the second quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after buying an additional 960,993 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Boeing by 14.1% in the first quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock worth $811,221,000 after buying an additional 518,952 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BA. Deutsche Bank Aktiengesellschaft cut their price objective on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Susquehanna decreased their price objective on shares of Boeing from $230.00 to $210.00 and set a “positive” rating for the company in a report on Thursday, October 17th. Robert W. Baird lowered their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday. Stifel Nicolaus boosted their target price on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Citigroup lowered their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average price target of $195.47.

Boeing Stock Performance

Shares of BA stock traded down $2.36 during trading hours on Thursday, hitting $154.70. The company had a trading volume of 3,929,443 shares, compared to its average volume of 8,100,286. The firm has a market capitalization of $94.97 billion, a price-to-earnings ratio of -43.39 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. The firm’s fifty day moving average is $160.61 and its 200 day moving average is $172.01.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.85) by ($5.59). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business earned ($3.26) EPS. On average, sell-side analysts expect that The Boeing Company will post -5.35 EPS for the current fiscal year.

About Boeing

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.