Angeles Wealth Management LLC Purchases 810 Shares of The Boeing Company (NYSE:BA)

Angeles Wealth Management LLC increased its position in shares of The Boeing Company (NYSE:BA) by 47.9% during the 3rd quarter, Holdings Channel reports. The firm owned 2,501 shares of the aircraft producer’s stock after acquiring an additional 810 shares during the period. Angeles Wealth Management LLC’s holdings in Boeing were worth $380,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after buying an additional 1,222,816 shares during the last quarter. Newport Trust Company LLC increased its holdings in Boeing by 1.2% in the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after acquiring an additional 388,633 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Boeing by 1.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock worth $1,386,757,000 after purchasing an additional 106,513 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Boeing by 2.0% during the 2nd quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer’s stock valued at $624,749,000 after purchasing an additional 67,474 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Boeing by 122.0% during the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after purchasing an additional 1,251,456 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 3.5 %

NYSE BA opened at $154.59 on Monday. The Boeing Company has a 12 month low of $146.02 and a 12 month high of $267.54. The company’s 50-day moving average price is $157.46 and its 200-day moving average price is $171.01. The stock has a market cap of $95.57 billion, a PE ratio of -11.98 and a beta of 1.57.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the company earned ($3.26) EPS. Boeing’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that The Boeing Company will post -16.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research reports. Jefferies Financial Group dropped their price target on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Wells Fargo & Company lowered their target price on Boeing from $109.00 to $86.00 and set an “underweight” rating for the company in a research report on Thursday, October 24th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a report on Tuesday, October 15th. UBS Group decreased their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong 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 $190.42.

Boeing Profile

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.