SS&H Financial Advisors Inc. Increases Position in The Boeing Company (NYSE:BA)

SS&H Financial Advisors Inc. raised its position in shares of The Boeing Company (NYSE:BA) by 7.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,720 shares of the aircraft producer’s stock after buying an additional 525 shares during the period. SS&H Financial Advisors Inc.’s holdings in Boeing were worth $1,405,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Capital Research Global Investors grew its position in Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after acquiring an additional 4,425,964 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock valued at $896,434,000 after purchasing an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after buying an additional 1,884,850 shares during the period. Global Assets Advisory LLC acquired a new stake in Boeing during the 1st quarter worth approximately $272,312,000. Finally, Vanguard Group Inc. boosted its position in Boeing by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after buying an additional 1,222,816 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Up 1.4 %

Shares of NYSE BA opened at $154.24 on Wednesday. The business has a 50-day moving average price of $167.34 and a 200 day moving average price of $175.70. The stock has a market cap of $94.69 billion, a PE ratio of -43.45 and a beta of 1.57. The Boeing Company has a 52-week low of $149.49 and a 52-week high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.82) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -4.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent research reports. Sanford C. Bernstein cut their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Stifel Nicolaus upped their price target on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. UBS Group reduced their price target on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. The Goldman Sachs Group lowered their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Finally, TD Cowen reduced their target price on shares of Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $207.67.

Boeing Company 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.