SevenBridge Financial Group LLC lifted its position in Boeing Co (NYSE:BA) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,640 shares of the aircraft producer’s stock after buying an additional 105 shares during the period. SevenBridge Financial Group LLC’s holdings in Boeing were worth $624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in BA. Cardan Capital Partners LLC raised its holdings in Boeing by 1.9% during the first quarter. Cardan Capital Partners LLC now owns 1,607 shares of the aircraft producer’s stock valued at $613,000 after acquiring an additional 30 shares during the period. CFO4Life Group LLC increased its holdings in shares of Boeing by 5.2% in the second quarter. CFO4Life Group LLC now owns 627 shares of the aircraft producer’s stock worth $228,000 after purchasing an additional 31 shares during the last quarter. Accredited Investors Inc. increased its holdings in shares of Boeing by 2.0% in the second quarter. Accredited Investors Inc. now owns 1,607 shares of the aircraft producer’s stock worth $585,000 after purchasing an additional 32 shares during the last quarter. Northwest Bancshares Inc. increased its holdings in shares of Boeing by 1.8% in the second quarter. Northwest Bancshares Inc. now owns 1,871 shares of the aircraft producer’s stock worth $681,000 after purchasing an additional 33 shares during the last quarter. Finally, Winch Advisory Services LLC increased its holdings in shares of Boeing by 11.5% in the second quarter. Winch Advisory Services LLC now owns 319 shares of the aircraft producer’s stock worth $116,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 67.85% of the company’s stock.

Shares of NYSE:BA traded down $0.15 during trading hours on Wednesday, hitting $373.95. 59,576 shares of the company’s stock traded hands, compared to its average volume of 5,392,899. Boeing Co has a 1 year low of $292.47 and a 1 year high of $446.01. The business has a fifty day moving average price of $369.09 and a 200-day moving average price of $362.44. The firm has a market capitalization of $211.41 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 12.19 and a beta of 1.25. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $1.07. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The business had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.05 billion. During the same quarter in the previous year, the business earned $3.33 earnings per share. The company’s revenue for the quarter was down 35.1% compared to the same quarter last year. As a group, equities analysts predict that Boeing Co will post 3.73 earnings per share for the current year.

Several equities research analysts have recently issued reports on the company. Morgan Stanley set a $500.00 target price on Boeing and gave the stock a “buy” rating in a report on Thursday, September 12th. Citigroup set a $430.00 target price on Boeing and gave the stock a “buy” rating in a report on Monday, July 15th. Cowen set a $460.00 target price on Boeing and gave the stock a “buy” rating in a report on Tuesday, September 10th. Robert W. Baird reaffirmed an “outperform” rating and issued a $445.00 target price (down from $470.00) on shares of Boeing in a report on Wednesday, October 2nd. They noted that the move was a valuation call. Finally, ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $403.10.

Boeing Profile

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 in 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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