The Boeing Company (NYSE:BA) Shares Acquired by Mosley Wealth Management

Mosley Wealth Management lifted its stake in shares of The Boeing Company (NYSE:BA) by 19.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,215 shares of the aircraft producer’s stock after purchasing an additional 845 shares during the period. Boeing makes up about 0.8% of Mosley Wealth Management’s holdings, making the stock its 23rd biggest position. Mosley Wealth Management’s holdings in Boeing were worth $949,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BA. Vanguard Group Inc. raised its stake in Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after purchasing an additional 1,222,816 shares during the period. Capital Research Global Investors raised its position in Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after buying an additional 4,425,964 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares in the last quarter. Northern Trust Corp boosted its position in Boeing by 1.1% during the 4th quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock worth $1,304,150,000 after acquiring an additional 52,081 shares during the period. Finally, Jennison Associates LLC grew its stake in Boeing by 14.1% during the 1st quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock valued at $811,221,000 after acquiring an additional 518,952 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BA has been the subject of a number of research reports. Susquehanna reissued a “positive” rating and set a $230.00 target price on shares of Boeing in a research note on Wednesday, August 14th. Stifel Nicolaus boosted their target price on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $119.00 target price (down from $185.00) on shares of Boeing in a research report on Tuesday. Sanford C. Bernstein reduced their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Finally, UBS Group lowered their price target on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $211.29.

Boeing Trading Down 2.8 %

BA stock traded down $4.53 during midday trading on Friday, hitting $157.62. The stock had a trading volume of 7,328,641 shares, compared to its average volume of 7,886,446. The firm has a market capitalization of $96.76 billion, a price-to-earnings ratio of -44.41 and a beta of 1.56. The stock has a 50-day simple moving average of $176.53 and a 200 day simple moving average of $180.81. The Boeing Company has a 52 week low of $156.70 and a 52 week high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The company’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.82) earnings per share. On average, equities analysts forecast that The Boeing Company will post -4.26 EPS for the current year.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.