The Boeing Company (NYSE:BA) Shares Acquired by Empire Financial Management Company LLC

Empire Financial Management Company LLC increased its position in shares of The Boeing Company (NYSE:BA) by 216.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,700 shares of the aircraft producer’s stock after purchasing an additional 2,530 shares during the quarter. Empire Financial Management Company LLC’s holdings in Boeing were worth $563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Lantz Financial LLC boosted its holdings in Boeing by 109.7% in the second quarter. Lantz Financial LLC now owns 2,695 shares of the aircraft producer’s stock valued at $491,000 after purchasing an additional 1,410 shares during the last quarter. Diversified Trust Co boosted its stake in shares of Boeing by 27.2% in the second quarter. Diversified Trust Co now owns 2,672 shares of the aircraft producer’s stock worth $486,000 after buying an additional 572 shares during the last quarter. ORG Partners LLC grew its holdings in Boeing by 43,990.0% during the second quarter. ORG Partners LLC now owns 4,409 shares of the aircraft producer’s stock worth $818,000 after acquiring an additional 4,399 shares during the period. GPS Wealth Strategies Group LLC raised its position in Boeing by 18.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,133 shares of the aircraft producer’s stock valued at $206,000 after acquiring an additional 176 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Boeing by 19.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,425 shares of the aircraft producer’s stock valued at $3,172,000 after acquiring an additional 2,788 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 4.6 %

NYSE BA opened at $164.20 on Wednesday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54. The stock has a fifty day simple moving average of $151.69 and a 200-day simple moving average of $166.22.

Boeing (NYSE:BA) last released its quarterly 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 during the quarter, compared to the consensus estimate of $17.81 billion. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business earned ($3.26) EPS. As a group, equities research analysts expect that The Boeing Company will post -16.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. The Goldman Sachs Group cut their price target on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Robert W. Baird lowered their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Citigroup dropped their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing presently has an average rating of “Hold” and an average price target of $190.11.

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.