Pure Financial Advisors Inc. Has $1.63 Million Holdings in Boeing Co (NYSE:BA)

Pure Financial Advisors Inc. lessened its position in shares of Boeing Co (NYSE:BA) by 1.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,290 shares of the aircraft producer’s stock after selling 50 shares during the quarter. Pure Financial Advisors Inc.’s holdings in Boeing were worth $1,632,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Claraphi Advisory Network LLC grew its position in shares of Boeing by 3.6% during the 2nd quarter. Claraphi Advisory Network LLC now owns 2,943 shares of the aircraft producer’s stock worth $1,071,000 after buying an additional 103 shares during the period. Dupont Capital Management Corp grew its position in shares of Boeing by 0.3% during the 2nd quarter. Dupont Capital Management Corp now owns 45,420 shares of the aircraft producer’s stock worth $16,533,000 after buying an additional 125 shares during the period. Corrado Advisors LLC grew its position in shares of Boeing by 4.1% during the 2nd quarter. Corrado Advisors LLC now owns 7,901 shares of the aircraft producer’s stock worth $2,876,000 after buying an additional 310 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of Boeing by 1,405.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 30,830 shares of the aircraft producer’s stock worth $11,222,000 after buying an additional 28,782 shares during the period. Finally, Greenleaf Trust grew its position in shares of Boeing by 6.3% during the 2nd quarter. Greenleaf Trust now owns 5,782 shares of the aircraft producer’s stock worth $2,105,000 after buying an additional 342 shares during the period. 67.85% of the stock is owned by institutional investors and hedge funds.

NYSE:BA traded up $0.86 during trading hours on Wednesday, hitting $374.96. 2,736,937 shares of the company traded hands, compared to its average volume of 5,379,521. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. The firm’s 50-day simple moving average is $369.89 and its 200-day simple moving average is $362.45. Boeing Co has a one year low of $292.47 and a one year high of $446.01. The company has a market cap of $211.41 billion, a PE ratio of 23.42, a PEG ratio of 12.19 and a beta of 1.25.



Boeing (NYSE:BA) last issued its quarterly earnings data 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 negative return on equity of 632.24% and a net margin of 5.42%. The business had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.05 billion. During the same period last year, the business earned $3.33 EPS. The business’s revenue was down 35.1% on a year-over-year basis. As a group, equities research analysts expect that Boeing Co will post 3.73 EPS for the current year.

BA has been the subject of several recent analyst reports. Citigroup set a $430.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research report on Monday, July 15th. UBS Group set a $470.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. reduced their price objective on shares of Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Jefferies Financial Group cut their target price on Boeing from $448.00 to $420.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Finally, Buckingham Research set a $395.00 target price on Boeing and gave the stock a “hold” rating in a report on Friday, September 27th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Boeing currently has a consensus rating of “Hold” and an average target price of $403.10.

About Boeing

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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