The Boeing Company (NYSE:BA) Shares Purchased by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of The Boeing Company (NYSE:BAGet Rating) by 6.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,147 shares of the aircraft producer’s stock after acquiring an additional 623 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Boeing were worth $1,943,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ increased its holdings in Boeing by 0.9% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 17,152 shares of the aircraft producer’s stock worth $3,477,000 after buying an additional 152 shares during the period. TD Asset Management Inc. increased its holdings in Boeing by 2.4% in the 4th quarter. TD Asset Management Inc. now owns 326,817 shares of the aircraft producer’s stock worth $65,795,000 after buying an additional 7,578 shares during the period. Glenview Trust Co increased its holdings in Boeing by 2.5% in the 4th quarter. Glenview Trust Co now owns 7,258 shares of the aircraft producer’s stock worth $1,461,000 after buying an additional 175 shares during the period. WealthShield Partners LLC increased its holdings in Boeing by 31.7% in the 4th quarter. WealthShield Partners LLC now owns 3,850 shares of the aircraft producer’s stock worth $775,000 after buying an additional 926 shares during the period. Finally, CFO4Life Group LLC increased its holdings in Boeing by 17.4% in the 4th quarter. CFO4Life Group LLC now owns 1,270 shares of the aircraft producer’s stock worth $256,000 after buying an additional 188 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BA shares. Citigroup raised shares of Boeing from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $219.00 to $209.00 in a research note on Thursday, June 16th. Royal Bank of Canada set a $200.00 price objective on shares of Boeing in a research note on Thursday, September 1st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $281.00 price objective on shares of Boeing in a research note on Tuesday, August 23rd. Susquehanna dropped their price objective on shares of Boeing from $193.00 to $192.00 in a research note on Friday, May 20th. Finally, StockNews.com raised shares of Boeing from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Four 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.06.

Boeing Trading Up 1.2 %

Shares of NYSE:BA opened at $157.79 on Friday. The business has a 50-day moving average price of $157.24 and a 200 day moving average price of $159.22. The company has a market capitalization of $93.70 billion, a price-to-earnings ratio of -17.63 and a beta of 1.35. The Boeing Company has a 12-month low of $113.02 and a 12-month high of $233.94.

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 company had revenue of $16.68 billion during the quarter, compared to analysts’ expectations of $17.53 billion. The company’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. As a group, equities research analysts predict that The Boeing Company will post -1.9 earnings per share for the current fiscal year.

Boeing Company Profile

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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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