Several investment groups have changed their stakes in Boeing. Chicago Partners Investment Group increased its holdings by 0.4%, owning 14,941 shares worth $3,895,000 after adding 56 shares. Madison Park Capital Advisors raised its stake by 4.9%, now holding 1,204 shares valued at $219,000 after buying 56 shares. Bridge Creek Capital Management increased its position by 3.1%, owning 1,983 shares worth $383,000 after acquiring 60 shares. Wealth Alliance Advisory Group grew its stake by 1.6%, holding 3,798 shares valued at $691,000 after purchasing 60 more. Angeles Wealth Management increased its shares by 4.2%, now owning 1,524 shares worth $294,000 after buying 61 shares. Overall, institutional investors own 64.82% of Boeing’s stock.
Wall Street Analyst Opinions
Analysts have varying views on Boeing’s stock. Stifel Nicolaus raised its price target from $230 to $235, maintaining a buy rating. Deutsche Bank lowered its target from $225 to $195, still rating it as a buy. Sanford C. Bernstein dropped its target from $222 to $207 with an outperform rating. Susquehanna confirmed a positive outlook, keeping a $230 target. Bank of America increased its target from $180 to $200, rating it as neutral. Overall, the stock has three sell ratings, seven holds, 14 buys, and one strong buy, resulting in a Moderate Buy consensus rating with an average target of $206.00.
Boeing Stock Decline
Boeing shares opened at $149.35, down 3.4%. The fifty-day moving average is $164.24, and the two-hundred-day average is $174.59. Boeing has a market cap of $91.68 billion, a P/E ratio of -42.07, and a beta of 1.57. The stock’s 52-week range is between $148.80 and $267.54. In its latest earnings report on July 31, Boeing reported an EPS of ($2.90), missing estimates by $1.90. Revenue was $16.87 billion, below estimates of $17.35 billion, and down 14.6% from last year. Analysts expect EPS to be -$4.27 for the current year.
Boeing Overview
The Boeing Company designs, manufactures, and sells commercial and military aircraft, satellites, and launch systems worldwide, operating through different segments, including Commercial Airplanes and Defense & Security.
Suggested Articles
- Five stocks we prefer over Boeing
- 3 Natural Gas Stocks with Great Dividends
- 3 Momentum Trades in October with Upside Potential
- 3 Promising Fintech Stocks for 2021
- Roblox Declines on Short ReportPotential for Recovery
- How to Use Technical Indicators for Oversold Stocks
- 2 Reasons to Buy Apple Stock Now and 1 Reason to Hesitate
Curious about other hedge fund holdings in BA? Check HoldingsChannel.com for the latest reports on The Boeing Company.
Get Daily News & Ratings for Boeing – Sign up below for a concise summary of the latest news and analyst ratings with MarketBeat.com’s FREE daily newsletter.
`
