The Boeing Company $BA Stock: Retirement Planning Group LLC Grows Stake

Retirement Planning Group LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 1,141.3% in the third quarter, Holdings Channel.com reports. The fund owned 31,951 shares of the aircraft producer’s stock after buying an additional 29,377 shares during the quarter. Retirement Planning Group LLC’s holdings in Boeing were worth $5,944,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BA. Highland Investment Advisors LLC bought a new stake in shares of Boeing during the 2nd quarter worth $26,000. Strategic Wealth Advisors LLC acquired a new stake in shares of Boeing during the second quarter worth $27,000. Bell Investment Advisors Inc acquired a new stake in shares of Boeing during the second quarter worth $29,000. Bayban acquired a new stake in shares of Boeing during the fourth quarter worth $29,000. Finally, Security National Bank of SO Dak acquired a new stake in shares of Boeing during the second quarter worth $30,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BA. The Goldman Sachs Group downgraded Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, August 11th. Citigroup cut Boeing from a “buy” rating to a “sell” rating in a research note on Tuesday, August 11th. BNP Paribas Exane upgraded Boeing from an “underperform” rating to an “outperform” rating and boosted their price objective for the stock from $230.00 to $300.00 in a report on Monday, August 3rd. Argus raised shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research note on Tuesday, August 11th. Finally, Bank of America reaffirmed a “buy” rating and set a $270.00 price objective on shares of Boeing in a research note on Friday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $266.96.

Boeing Trading Up 0.8%

NYSE BA opened at $191.66 on Tuesday. The firm’s 50 day moving average price is $204.10 and its two-hundred day moving average price is $215.71. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The stock has a market cap of $151.48 billion, a price-to-earnings ratio of 82.97 and a beta of 1.26.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The business had revenue of $24.56 billion during the quarter, compared to analysts’ expectations of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. Boeing’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.24) EPS. Equities analysts anticipate that The Boeing Company will post -0.96 EPS for the current year.

Boeing Profile

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.