Herold Advisors Inc. Buys 450 Shares of The Boeing Company (NYSE:BA)

Herold Advisors Inc. boosted its stake in shares of The Boeing Company (NYSE:BAGet Rating) by 9.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,196 shares of the aircraft producer’s stock after purchasing an additional 450 shares during the quarter. Herold Advisors Inc.’s holdings in Boeing were worth $710,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P raised its stake in Boeing by 19.8% during the fourth quarter. Loomis Sayles & Co. L P now owns 13,367,929 shares of the aircraft producer’s stock worth $2,691,231,000 after acquiring an additional 2,210,908 shares in the last quarter. BlackRock Inc. boosted its holdings in Boeing by 2.9% during the first quarter. BlackRock Inc. now owns 31,674,287 shares of the aircraft producer’s stock worth $6,065,627,000 after buying an additional 887,382 shares during the last quarter. Renaissance Technologies LLC bought a new position in Boeing during the first quarter worth about $135,429,000. Wellington Management Group LLP boosted its holdings in Boeing by 125.0% during the first quarter. Wellington Management Group LLP now owns 1,139,143 shares of the aircraft producer’s stock worth $218,147,000 after buying an additional 632,913 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of Boeing by 17.9% during the fourth quarter. Nuveen Asset Management LLC now owns 3,636,168 shares of the aircraft producer’s stock worth $732,033,000 after purchasing an additional 552,493 shares during the period. Institutional investors own 57.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BA. Robert W. Baird reissued an “outperform” rating and issued a $245.00 target price on shares of Boeing in a research report on Wednesday, September 7th. Royal Bank of Canada set a $200.00 price target on Boeing in a research note on Thursday, September 15th. The Goldman Sachs Group restated a “buy” rating and issued a $281.00 price target on shares of Boeing in a research note on Tuesday, August 23rd. Morgan Stanley upped their target price on Boeing from $215.00 to $233.00 and gave the company an “overweight” rating in a research report on Thursday, September 8th. Finally, StockNews.com raised Boeing from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $218.07.

Boeing Stock Performance

Shares of BA traded down $7.45 during mid-day trading on Friday, reaching $131.26. 8,885,680 shares of the company were exchanged, compared to its average volume of 9,395,473. The Boeing Company has a 52 week low of $113.02 and a 52 week high of $233.94. The stock has a market capitalization of $77.94 billion, a PE ratio of -14.67 and a beta of 1.35. The business has a 50 day simple moving average of $158.67 and a two-hundred day simple moving average of $156.08.

Boeing (NYSE:BAGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.23). The firm had revenue of $16.68 billion during the quarter, compared to the consensus estimate of $17.53 billion. During the same period last year, the business earned $0.40 EPS. Boeing’s revenue was down 1.9% compared to the same quarter last year. On average, analysts predict that The Boeing Company will post -1.95 EPS for the current year.

About Boeing

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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, 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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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