Rosenberg Matthew Hamilton Increases Stock Holdings in The Boeing Company (NYSE:BA)

Rosenberg Matthew Hamilton lifted its stake in shares of The Boeing Company (NYSE:BAGet Rating) by 20.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,819 shares of the aircraft producer’s stock after acquiring an additional 315 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Boeing were worth $254,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BA. Lloyd Advisory Services LLC. lifted its stake in Boeing by 1,092.3% in the first quarter. Lloyd Advisory Services LLC. now owns 155 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 142 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in Boeing by 42.1% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 189 shares of the aircraft producer’s stock worth $36,000 after purchasing an additional 56 shares during the period. Delos Wealth Advisors LLC grew its position in Boeing by 6,466.7% during the 4th quarter. Delos Wealth Advisors LLC now owns 197 shares of the aircraft producer’s stock worth $40,000 after purchasing an additional 194 shares during the last quarter. Landmark Wealth Management LLC purchased a new position in Boeing during the 1st quarter worth $48,000. Finally, Laurel Wealth Planning LLC purchased a new stake in shares of Boeing in the first quarter valued at about $48,000. Institutional investors and hedge funds own 57.10% of the company’s stock.

Boeing Stock Performance

BA opened at $136.44 on Friday. The stock’s 50 day simple moving average is $158.67 and its 200 day simple moving average is $156.08. The Boeing Company has a 1-year low of $113.02 and a 1-year high of $233.94.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BA shares. The Goldman Sachs Group restated a “buy” rating and issued a $281.00 price target on shares of Boeing in a research report on Tuesday, August 23rd. Benchmark dropped their target price on Boeing from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, July 15th. Wells Fargo & Company cut their price target on Boeing from $214.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, July 28th. JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $188.00 to $200.00 in a research note on Thursday, July 28th. Finally, Citigroup upgraded shares of Boeing from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $219.00 to $209.00 in a research note on Thursday, June 16th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $218.07.

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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