The Boeing Company (NYSE:BA) Shares Bought by MBB Public Markets I LLC

MBB Public Markets I LLC boosted its position in The Boeing Company (NYSE:BA) by 1,878.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,694 shares of the aircraft producer’s stock after purchasing an additional 38,637 shares during the period. MBB Public Markets I LLC’s holdings in Boeing were worth $7,407,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its position in Boeing by 0.4% during the 4th quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after purchasing an additional 56 shares during the period. Madison Park Capital Advisors LLC increased its position in shares of Boeing by 4.9% during the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after buying an additional 56 shares during the period. Angeles Wealth Management LLC raised its stake in Boeing by 4.3% during the fourth quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock worth $381,000 after buying an additional 60 shares during the last quarter. Bridge Creek Capital Management LLC lifted its holdings in Boeing by 3.1% in the first quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after buying an additional 60 shares during the period. Finally, Wealth Alliance Advisory Group LLC grew its holdings in Boeing by 1.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after acquiring an additional 60 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Up 1.6 %

BA opened at $154.58 on Friday. The business has a 50 day moving average of $169.50 and a 200-day moving average of $176.61. The Boeing Company has a 52 week low of $151.65 and a 52 week high of $267.54. The stock has a market cap of $94.89 billion, a PE ratio of -43.54 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share 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 firm’s revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.82) EPS. Equities analysts anticipate that The Boeing Company will post -4.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BA. Robert W. Baird dropped their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Jefferies Financial Group dropped their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday. Sanford C. Bernstein lowered their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Baird R W raised shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Finally, Susquehanna reaffirmed a “positive” rating and issued a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $209.83.

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.