Baker Tilly Wealth Management LLC Has $1.71 Million Holdings in The Boeing Company (NYSE:BA)

Baker Tilly Wealth Management LLC grew its position in The Boeing Company (NYSE:BA) by 29.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,253 shares of the aircraft producer’s stock after purchasing an additional 2,593 shares during the quarter. Boeing comprises approximately 0.8% of Baker Tilly Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest position. Baker Tilly Wealth Management LLC’s holdings in Boeing were worth $1,711,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BA. Vanguard Group Inc. raised its stake in Boeing by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after purchasing an additional 1,222,816 shares in the last quarter. Newport Trust Company LLC increased its holdings in shares of Boeing by 1.2% during the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock worth $5,758,830,000 after purchasing an additional 388,633 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Boeing by 1.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock valued at $1,386,757,000 after buying an additional 106,513 shares in the last quarter. Jennison Associates LLC lifted its position in shares of 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 acquiring an additional 518,952 shares during the period. Finally, Legal & General Group Plc lifted its position in Boeing by 2.0% during the second quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer’s stock worth $624,749,000 after purchasing an additional 67,474 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 2.0 %

NYSE BA opened at $151.95 on Monday. The firm has a market capitalization of $93.28 billion, a PE ratio of -43.66 and a beta of 1.57. The business’s 50-day moving average price is $159.68 and its two-hundred day moving average price is $171.64. The Boeing Company has a 12 month low of $146.02 and a 12 month high of $267.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate 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 quarter in the previous year, the firm earned ($3.26) EPS. Boeing’s revenue was down 1.5% compared to the same quarter last year. As a group, analysts forecast that The Boeing Company will post -5.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BA. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. TD Cowen decreased their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. UBS Group lowered their price target on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday. Finally, Jefferies Financial Group lowered their target price on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $191.79.

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.