Kapstone Financial Advisors LLC Has $365,000 Stock Holdings in The Boeing Company (NYSE:BA)

Kapstone Financial Advisors LLC lowered its holdings in The Boeing Company (NYSE:BA) by 10.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,004 shares of the aircraft producer’s stock after selling 222 shares during the period. Kapstone Financial Advisors LLC’s holdings in Boeing were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Sanders Morris Harris LLC raised its stake in shares of Boeing by 869.1% in the first quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock valued at $4,395,000 after purchasing an additional 20,425 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Boeing by 20.7% in the 1st quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock valued at $2,035,000 after buying an additional 1,805 shares in the last quarter. Williams Financial LLC bought a new position in shares of Boeing during the 2nd quarter worth about $1,637,000. Dakota Wealth Management boosted its position in shares of Boeing by 47.1% during the 1st quarter. Dakota Wealth Management now owns 12,730 shares of the aircraft producer’s stock valued at $2,457,000 after acquiring an additional 4,078 shares in the last quarter. Finally, Granite Bay Wealth Management LLC bought a new stake in Boeing in the second quarter valued at about $561,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BA shares. UBS Group lowered their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Robert W. Baird dropped their price objective on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Wells Fargo & Company reissued an “underweight” rating and issued a $119.00 target price (down from $185.00) on shares of Boeing in a report on Tuesday. Baird R W raised Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research note on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $211.29.

Boeing Price Performance

NYSE:BA traded up $0.49 during trading hours on Thursday, reaching $163.71. 291,945 shares of the company were exchanged, compared to its average volume of 7,863,635. The company has a market capitalization of $100.50 billion, a P/E ratio of -45.97 and a beta of 1.56. The business has a 50 day moving average of $177.43 and a 200 day moving average of $181.26. The Boeing Company has a 1-year low of $158.30 and a 1-year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same period last year, the company earned ($0.82) earnings per share. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. As a group, equities research analysts anticipate that The Boeing Company will post -4.26 earnings per share for the current fiscal year.

Boeing Profile

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.