Calton & Associates Inc. Acquires New Stake in The Boeing Company (NYSE:BA)

Calton & Associates Inc. acquired a new stake in The Boeing Company (NYSE:BA) during the third quarter, according to its most recent filing with the SEC. The firm acquired 1,774 shares of the aircraft producer’s stock, valued at approximately $270,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing in the second quarter valued at $33,000. Hobbs Group Advisors LLC acquired a new stake in Boeing in the second quarter valued at $34,000. McClarren Financial Advisors Inc. lifted its holdings in Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after acquiring an additional 158 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in 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 acquiring an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in Boeing in the second quarter valued at $39,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

BA opened at $159.85 on Wednesday. The stock has a market capitalization of $98.13 billion, a price-to-earnings ratio of -45.03 and a beta of 1.57. The business has a 50-day moving average of $160.84 and a two-hundred day moving average of $172.11. The Boeing Company has a 12 month low of $146.02 and a 12 month high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. During the same period in the prior year, the firm earned ($0.82) EPS. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. Equities research analysts anticipate that The Boeing Company will post -5.35 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on BA. TD Cowen reduced their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Jefferies Financial Group cut their price target on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. The Goldman Sachs Group cut their price target on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft cut their price target on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Stifel Nicolaus lifted their price target on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.79.

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.