Forte Capital LLC ADV Has $410,000 Stock Holdings in The Boeing Company (NYSE:BA)

Forte Capital LLC ADV grew its stake in The Boeing Company (NYSE:BA) by 14.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,694 shares of the aircraft producer’s stock after purchasing an additional 350 shares during the quarter. Forte Capital LLC ADV’s holdings in Boeing were worth $410,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Madison Park Capital Advisors LLC boosted its holdings in Boeing by 4.9% during the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after buying an additional 56 shares during the last quarter. Wealth Alliance Advisory Group LLC boosted its stake in Boeing by 1.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after acquiring an additional 60 shares during the last quarter. Angeles Wealth Management LLC grew its holdings in Boeing by 4.2% during the first quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock valued at $294,000 after purchasing an additional 61 shares during the period. IMS Capital Management increased its stake in Boeing by 0.4% in the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after purchasing an additional 62 shares in the last quarter. Finally, Meeder Advisory Services Inc. raised its holdings in Boeing by 0.9% in the first quarter. Meeder Advisory Services Inc. now owns 7,559 shares of the aircraft producer’s stock worth $1,459,000 after purchasing an additional 65 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 2.6 %

NYSE:BA opened at $150.98 on Friday. The stock has a market capitalization of $93.34 billion, a PE ratio of -11.70 and a beta of 1.57. The Boeing Company has a 1-year low of $144.13 and a 1-year high of $267.54. The firm has a fifty day simple moving average of $156.17 and a 200 day simple moving average of $170.60.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the company earned ($3.26) EPS. Boeing’s revenue was down 1.5% compared to the same quarter last year. On average, equities analysts predict that The Boeing Company will post -16.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the subject of several research analyst reports. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, October 15th. Wells Fargo & Company decreased their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday. Benchmark reaffirmed a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, Susquehanna lowered their target price on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $190.37.

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.