Boeing Company (NYSE:BA) shares acquired by First Foundation Advisors

First Foundation Advisors boosted its position in shares of The Boeing Company (NYSE:BA – Free Report) by 8.4% during the 2nd quarter, according to the company in its most recent SEC disclosure. The firm owned 5,791 shares of the aircraft maker’s stock after purchasing an additional 451 shares during the quarter. First Foundation Advisors’ holdings in Boeing were worth $1,054,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BA. EverSource Wealth Advisors LLC raised its position in Boeing by 1.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft maker’s stock valued at $1,094,000 after purchasing an additional 50 shares in the last quarter. Davis RM Inc. boosted its holdings in shares of Boeing by 1.8% in the fourth quarter. Davis RM Inc. now owns 2,943 shares of the aircraft maker’s stock valued at $767,000 after acquiring an additional 52 shares during the last quarter. Westpac Banking Corp boosted its stake in Boeing by 1.6% in the fourth quarter. Westpac Banking Corp now owns 3,336 shares of the aircraft producer’s stock worth $870,000 after acquiring an additional 54 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in Boeing by 0.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft maker’s stock worth $3,895,000 after purchasing an additional 56 shares during the last quarter. Finally, Madison Park Capital Advisors LLC boosted its holdings in Boeing by 4.9% during the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft maker’s stock worth $219,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s shares.

The Wall Street analyst weighs in

Several research firms have issued reports on BA. Bank of America boosted their target price on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Sanford C. Bernstein reduced their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. UBS Group cut their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 target price on shares of Boeing in a report on Tuesday, June 25th. Finally, Susquehanna reissued a “positive” rating and set a $230.00 price objective on shares of Boeing in a report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, seven have assigned 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 currently has an average rating of “Moderate Buy” and an average target price of $211.29.

Check out the latest stock report on BA

Boeing stocks rose 3.4%

NYSE BA opened at $162.92 on Tuesday. The Boeing Company has a fifty-two week low of $156.70 and a fifty-two week high of $267.54. The company has a fifty day moving average of $176.06 and a 200 day moving average of $180.23. The stock has a market cap of $100.39 billion, a price-to-earnings ratio of -45.89 and a beta of 1.58.

Boeing (NYSE:BA – Get Free Report ) last issued its earnings results on Wednesday, July 31st. The aircraft maker reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. In the same quarter last year, the business posted ($0.82) EPS. As a group, analysts anticipate that The Boeing Company will post -4.26 EPS for the current year.

Boeing profile

(Free Report)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services and supports commercial aircraft, military aircraft, satellites, missile defense, human space flight and launch systems and services worldwide. The company operates through Commercial Aircraft; Defense, Space and Security; and Global Services segments.

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