Sequoia Financial Advisors LLC Grows Stock Position in The Boeing Company $BA

Sequoia Financial Advisors LLC raised its holdings in The Boeing Company (NYSE:BA) by 7.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,409 shares of the aircraft producer’s stock after buying an additional 4,503 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Boeing were worth $13,943,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BA. National Pension Service raised its stake in Boeing by 1.0% during the second quarter. National Pension Service now owns 1,666,045 shares of the aircraft producer’s stock worth $360,649,000 after purchasing an additional 17,061 shares during the period. Engineers Gate Manager LP raised its position in shares of Boeing by 71.0% in the 2nd quarter. Engineers Gate Manager LP now owns 281,264 shares of the aircraft producer’s stock worth $60,885,000 after buying an additional 116,818 shares during the period. Capital Analysts LLC grew its position in Boeing by 1.4% during the second quarter. Capital Analysts LLC now owns 16,856 shares of the aircraft producer’s stock valued at $3,649,000 after acquiring an additional 233 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its position in Boeing by 24.2% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,853 shares of the aircraft producer’s stock valued at $1,483,000 after acquiring an additional 1,335 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in Boeing by 16.0% during the second quarter. Integrated Wealth Concepts LLC now owns 42,417 shares of the aircraft producer’s stock worth $9,182,000 after acquiring an additional 5,862 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BA has been the topic of a number of research reports. Citigroup downgraded Boeing from a “buy” rating to a “sell” rating in a report on Tuesday, August 11th. Tigress Financial raised their price target on shares of Boeing from $295.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, August 6th. UBS Group assumed coverage on shares of Boeing in a report on Tuesday, August 11th. They issued a “buy” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of Boeing in a research report on Tuesday, July 28th. Finally, Argus upgraded 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $272.58.

Boeing Stock Performance

Boeing stock opened at $205.01 on Friday. The stock has a market cap of $162.03 billion, a P/E ratio of 88.75 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The stock has a 50 day moving average of $218.81 and a 200-day moving average of $219.27.

Boeing (NYSE:BA) last issued 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). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same quarter last year, the company posted ($1.24) EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts expect that The Boeing Company will post -0.9 EPS for the current fiscal year.

Boeing Company Profile

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing’s commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.