Haverford Trust Co Buys 298 Shares of The Boeing Company (NYSE:BA)

Haverford Trust Co boosted its stake in The Boeing Company (NYSE:BA) by 10.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,140 shares of the aircraft producer’s stock after buying an additional 298 shares during the quarter. Haverford Trust Co’s holdings in Boeing were worth $477,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Lazari Capital Management Inc. raised its stake in shares of Boeing by 55.7% during the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after purchasing an additional 8,309 shares during the period. Patten & Patten Inc. TN boosted its stake in Boeing by 19.8% in the third quarter. Patten & Patten Inc. TN now owns 24,603 shares of the aircraft producer’s stock valued at $3,741,000 after acquiring an additional 4,065 shares during the last quarter. Czech National Bank grew its position in shares of Boeing by 8.4% during the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after acquiring an additional 9,281 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Boeing by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,589,850 shares of the aircraft producer’s stock worth $241,721,000 after purchasing an additional 35,068 shares during the last quarter. Finally, BSN CAPITAL PARTNERS Ltd bought a new stake in shares of Boeing in the 3rd quarter worth approximately $11,237,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BA. Deutsche Bank Aktiengesellschaft lowered their target price on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Susquehanna lowered their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Citigroup reduced their target price on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, TD Cowen decreased their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $190.37.

Boeing Trading Down 1.3 %

Shares of Boeing stock opened at $138.13 on Friday. The Boeing Company has a 12 month low of $137.22 and a 12 month high of $267.54. The firm has a market capitalization of $85.39 billion, a P/E ratio of -10.71 and a beta of 1.57. The business has a fifty day simple moving average of $154.03 and a two-hundred day simple moving average of $169.89.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the business posted ($3.26) EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts predict that The Boeing Company will post -16.09 earnings per share for the current year.

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.