Wealthquest Corp Increases Stock Holdings in Boeing Co (NYSE:BA)

Wealthquest Corp lifted its position in Boeing Co (NYSE:BA) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,726 shares of the aircraft producer’s stock after purchasing an additional 85 shares during the quarter. Boeing comprises about 1.4% of Wealthquest Corp’s holdings, making the stock its 14th biggest holding. Wealthquest Corp’s holdings in Boeing were worth $4,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. NuWave Investment Management LLC boosted its stake in Boeing by 554.5% during the second quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock worth $26,000 after buying an additional 61 shares during the period. Nordea Investment Management AB boosted its stake in Boeing by 128.1% during the first quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock worth $28,000 after buying an additional 41 shares during the period. Guidant Wealth Advisors purchased a new position in Boeing during the second quarter worth about $28,000. Atwater Malick LLC purchased a new position in Boeing during the third quarter worth about $39,000. Finally, Transamerica Financial Advisors Inc. purchased a new position in Boeing during the second quarter worth about $40,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the stock. Morgan Stanley set a $500.00 target price on shares of Boeing and gave the stock a “buy” rating in a research note on Thursday, September 12th. Credit Suisse Group reissued a “buy” rating and set a $425.00 price target on shares of Boeing in a research report on Thursday, July 25th. Citigroup set a $430.00 price target on shares of Boeing and gave the stock a “buy” rating in a research report on Monday, July 15th. Barclays set a $367.00 price target on shares of Boeing and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Finally, Bank of America reduced their price target on shares of Boeing from $415.00 to $400.00 and set a “neutral” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. Boeing presently has an average rating of “Hold” and a consensus target price of $402.42.

Shares of BA traded down $25.06 during mid-day trading on Friday, hitting $344.00. 13,344,760 shares of the company’s stock were exchanged, compared to its average volume of 3,240,648. The stock’s 50-day moving average is $373.16 and its 200-day moving average is $362.44. The company has a market cap of $207.67 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 12.51 and a beta of 1.25. Boeing Co has a fifty-two week low of $292.47 and a fifty-two week high of $446.01. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.03.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $1.07. The firm had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.05 billion. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The firm’s revenue was down 35.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.33 earnings per share. As a group, equities research analysts anticipate that Boeing Co will post 3.38 EPS 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.

Recommended Story: What are the Benefits of Index Funds?

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.