Commonwealth Equity Services LLC Acquires 8,362 Shares of The Boeing Company (NYSE:BA)

Commonwealth Equity Services LLC increased its holdings in The Boeing Company (NYSE:BA) by 1.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 466,841 shares of the aircraft producer’s stock after buying an additional 8,362 shares during the quarter. Commonwealth Equity Services LLC owned about 0.08% of Boeing worth $98,578,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BA. United Bank grew its stake in shares of Boeing by 4.7% during the 1st quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock valued at $964,000 after purchasing an additional 226 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Boeing by 1,064.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock valued at $163,000 after buying an additional 777 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of Boeing by 68.0% during the 1st quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock valued at $1,362,000 after buying an additional 2,879 shares in the last quarter. Prudential PLC purchased a new position in shares of Boeing during the 1st quarter valued at about $836,000. Finally, Dakota Wealth Management lifted its position in shares of Boeing by 26.7% during the 1st quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock valued at $408,000 after buying an additional 448 shares in the last quarter. 61.33% of the stock is currently owned by institutional investors.

Boeing Stock Performance

Boeing stock traded up $1.44 during mid-day trading on Friday, hitting $208.04. The company’s stock had a trading volume of 3,568,495 shares, compared to its average volume of 5,619,244. The company has a 50 day moving average of $193.74 and a 200-day moving average of $208.44. The stock has a market cap of $125.86 billion, a PE ratio of -44.26 and a beta of 1.48. The Boeing Company has a one year low of $171.00 and a one year high of $243.10.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported ($3.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.21) by ($0.05). The firm had revenue of $18.10 billion during the quarter, compared to analyst estimates of $18.01 billion. During the same quarter last year, the firm earned ($6.18) earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. On average, equities research analysts forecast that The Boeing Company will post -5.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of analyst reports. TheStreet raised Boeing from a “d+” rating to a “c-” rating in a research report on Tuesday, August 15th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, November 1st. Morgan Stanley lowered their price target on Boeing from $235.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. TD Cowen boosted their price target on Boeing from $255.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, August 28th. Finally, Citigroup lowered their price target on Boeing from $285.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $245.25.

Boeing 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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.