The Boeing Company (NYSE:BA) Position Increased by Private Portfolio Partners LLC

Private Portfolio Partners LLC increased its stake in The Boeing Company (NYSE:BA) by 50.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,390 shares of the aircraft producer’s stock after purchasing an additional 1,141 shares during the period. Private Portfolio Partners LLC’s holdings in The Boeing were worth $812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. F3Logic LLC grew its holdings in shares of The Boeing by 1.4% during the second quarter. F3Logic LLC now owns 3,204 shares of the aircraft producer’s stock valued at $768,000 after buying an additional 44 shares in the last quarter. Hengehold Capital Management LLC boosted its position in The Boeing by 4.1% during the second quarter. Hengehold Capital Management LLC now owns 1,154 shares of the aircraft producer’s stock valued at $276,000 after purchasing an additional 45 shares during the last quarter. Mission Creek Capital Partners Inc. boosted its position in The Boeing by 1.8% during the first quarter. Mission Creek Capital Partners Inc. now owns 2,676 shares of the aircraft producer’s stock valued at $682,000 after purchasing an additional 47 shares during the last quarter. Heritage Trust Co boosted its position in The Boeing by 0.7% during the first quarter. Heritage Trust Co now owns 7,074 shares of the aircraft producer’s stock valued at $1,802,000 after purchasing an additional 49 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in The Boeing by 1.6% during the second quarter. Quadrant Capital Group LLC now owns 3,044 shares of the aircraft producer’s stock valued at $729,000 after purchasing an additional 49 shares during the last quarter. 53.13% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. set a $270.00 price objective on The Boeing in a research report on Wednesday, August 11th. Cowen raised The Boeing from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $240.00 to $290.00 in a research report on Tuesday, June 1st. UBS Group reduced their price objective on The Boeing from $310.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, September 7th. Wells Fargo & Company boosted their price target on The Boeing from $244.00 to $254.00 and gave the stock an “equal weight” rating in a research report on Friday, July 30th. Finally, Wolfe Research raised The Boeing from an “underperform” rating to a “peer perform” rating and set a $224.00 price target for the company in a research report on Tuesday, July 13th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $256.44.

Shares of BA stock traded down $0.70 during trading hours on Tuesday, hitting $208.80. The company had a trading volume of 79,106 shares, compared to its average volume of 13,206,020. The Boeing Company has a 12 month low of $141.58 and a 12 month high of $278.57. The firm has a market capitalization of $122.39 billion, a price-to-earnings ratio of -13.75 and a beta of 1.61. The firm’s fifty day moving average is $221.53 and its 200 day moving average is $235.39.

The Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, July 27th. The aircraft producer reported $0.40 earnings per share for the quarter, beating the consensus estimate of ($0.83) by $1.23. The company had revenue of $17 billion during the quarter, compared to the consensus estimate of $17.03 billion. On average, research analysts expect that The Boeing Company will post -0.21 earnings per share for the current fiscal year.

The Boeing Profile

The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.

Featured Story: How Investors Can Profit from Options Trading

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

Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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