Highline Wealth Partners LLC Takes Position in The Boeing Company (NYSE:BA)

Highline Wealth Partners LLC bought a new position in shares of The Boeing Company (NYSE:BA) during the third quarter, Holdings Channel reports. The fund bought 3,015 shares of the aircraft producer’s stock, valued at approximately $458,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Madison Park Capital Advisors LLC increased its position in Boeing by 4.9% during the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after acquiring an additional 56 shares during the last quarter. Wealth Alliance Advisory Group LLC increased its position in shares of Boeing by 1.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after purchasing an additional 60 shares during the last quarter. Angeles Wealth Management LLC lifted its stake in shares of Boeing by 4.2% in the 1st quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock worth $294,000 after purchasing an additional 61 shares during the period. IMS Capital Management boosted its holdings in shares of Boeing by 0.4% in the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after buying an additional 62 shares during the last quarter. Finally, Meeder Advisory Services Inc. grew its position in Boeing by 0.9% during the first quarter. Meeder Advisory Services Inc. now owns 7,559 shares of the aircraft producer’s stock valued at $1,459,000 after buying an additional 65 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.7 %

Shares of BA stock opened at $154.04 on Wednesday. The stock’s 50-day moving average price is $158.72 and its 200-day moving average price is $171.36. The Boeing Company has a 12-month low of $146.02 and a 12-month high of $267.54. The stock has a market capitalization of $94.56 billion, a price-to-earnings ratio of -43.09 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the business earned ($3.26) earnings per share. Boeing’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, research analysts predict that The Boeing Company will post -5.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the topic of several recent research reports. Susquehanna dropped their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Morgan Stanley lowered their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. TD Cowen decreased their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Finally, Jefferies Financial Group reduced their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $190.42.

About Boeing

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 Commercial Airplanes; Defense, Space & Security; and Global Services segments.