The Boeing Company (NYSE:BA) Stock Position Raised by Balboa Wealth Partners

Balboa Wealth Partners raised its holdings in The Boeing Company (NYSE:BA) by 5.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,233 shares of the aircraft producer’s stock after buying an additional 812 shares during the quarter. Boeing accounts for about 0.6% of Balboa Wealth Partners’ investment portfolio, making the stock its 29th largest position. Balboa Wealth Partners’ holdings in Boeing were worth $2,316,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing during the second quarter worth $33,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the second quarter valued at approximately $34,000. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 165 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Boeing during the second quarter worth approximately $39,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BA shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Stifel Nicolaus lifted 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. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. lowered their target price on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a report on Monday, October 14th. Finally, TD Cowen cut their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $190.37.

Boeing Trading Down 1.3 %

Shares of BA opened at $138.13 on Friday. The business’s 50-day moving average is $154.03 and its 200-day moving average is $169.89. The Boeing Company has a fifty-two week low of $137.22 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (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. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted ($3.26) EPS. Sell-side analysts predict that The Boeing Company will post -16.09 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.