Frontier Wealth Management LLC Purchases 635 Shares of Boeing Co (NYSE:BA)

Frontier Wealth Management LLC grew its position in shares of Boeing Co (NYSE:BA) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,477 shares of the aircraft producer’s stock after buying an additional 635 shares during the quarter. Frontier Wealth Management LLC’s holdings in Boeing were worth $4,542,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Fishman Jay A Ltd. MI boosted its stake in shares of Boeing by 4.0% during the 4th quarter. Fishman Jay A Ltd. MI now owns 47,535 shares of the aircraft producer’s stock worth $15,330,000 after purchasing an additional 1,830 shares during the period. Castle Rock Wealth Management LLC raised its stake in shares of Boeing by 36.1% during the 4th quarter. Castle Rock Wealth Management LLC now owns 1,315 shares of the aircraft producer’s stock worth $540,000 after acquiring an additional 349 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Boeing by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 6,262,103 shares of the aircraft producer’s stock worth $2,015,856,000 after acquiring an additional 214,945 shares in the last quarter. M Holdings Securities Inc. raised its stake in shares of Boeing by 15.3% during the 4th quarter. M Holdings Securities Inc. now owns 3,963 shares of the aircraft producer’s stock worth $1,278,000 after acquiring an additional 525 shares in the last quarter. Finally, Pathlight Investors LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $220,000. 67.85% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on BA. Morgan Stanley set a $500.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Thursday, September 12th. Goldman Sachs Group reissued a “neutral” rating and set a $375.00 target price on shares of Boeing in a research report on Friday, July 12th. Berenberg Bank reissued a “buy” rating and set a $400.00 target price on shares of Boeing in a research report on Tuesday, August 6th. Canaccord Genuity set a $380.00 price objective on shares of Boeing and gave the company a “hold” rating in a report on Friday, July 19th. Finally, Bank of America set a $420.00 price objective on shares of Boeing and gave the company a “hold” rating in a report on Thursday, June 27th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $402.65.



Shares of Boeing stock traded up $7.35 on Wednesday, hitting $389.00. The company’s stock had a trading volume of 2,714,902 shares, compared to its average volume of 3,807,266. The firm has a fifty day moving average price of $356.17 and a 200-day moving average price of $363.34. Boeing Co has a 52-week low of $292.47 and a 52-week high of $446.01. The company has a market capitalization of $218.78 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 11.23 and a beta of 1.24. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, beating the consensus estimate of $1.85 by $1.07. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The firm had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.05 billion. During the same quarter in the previous year, the company posted $3.33 EPS. The firm’s revenue for the quarter was down 35.1% on a year-over-year basis. As a group, analysts expect that Boeing Co will post 4.09 earnings per share for the current year.

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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