Boenning & Scattergood Inc. lifted its stake in Boeing Co (NYSE:BA) by 78.4% during the 2nd quarter, Holdings Channel reports. The firm owned 5,246 shares of the aircraft producer’s stock after acquiring an additional 2,306 shares during the period. Boenning & Scattergood Inc.’s holdings in Boeing were worth $962,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Americana Partners LLC bought a new position in shares of Boeing in the 4th quarter worth $26,000. Elmwood Wealth Management Inc. bought a new position in shares of Boeing in the 1st quarter worth $31,000. NuWave Investment Management LLC bought a new position in shares of Boeing in the 2nd quarter worth $30,000. Cordasco Financial Network bought a new position in shares of Boeing in the 1st quarter worth $26,000. Finally, MBE Wealth Management LLC bought a new position in shares of Boeing in the 1st quarter worth $26,000. Institutional investors and hedge funds own 61.66% of the company’s stock.

Several research analysts have recently issued reports on BA shares. Credit Suisse Group reduced their price target on Boeing from $367.00 to $187.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Berenberg Bank set a $150.00 target price on Boeing and gave the stock a “sell” rating in a report on Thursday, June 25th. ValuEngine lowered Boeing from a “strong-buy” rating to a “buy” rating in a report on Friday, May 1st. Royal Bank of Canada set a $164.00 target price on Boeing and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, UBS Group reduced their target price on Boeing from $284.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. Boeing presently has an average rating of “Hold” and an average price target of $228.46.

NYSE BA traded up $4.31 during trading on Tuesday, reaching $179.96. 38,075,411 shares of the company’s stock were exchanged, compared to its average volume of 51,938,276. The business has a 50 day moving average price of $178.68 and a 200-day moving average price of $218.05. The stock has a market capitalization of $101.73 billion, a P/E ratio of -29.72 and a beta of 1.47. Boeing Co has a fifty-two week low of $89.00 and a fifty-two week high of $391.00.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 29th. The aircraft producer reported ($1.70) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.04) by $0.34. The firm had revenue of $16.91 billion for the quarter, compared to the consensus estimate of $16.90 billion. Boeing had a negative return on equity of 3.08% and a negative net margin of 4.84%. The business’s revenue was down 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.16 earnings per share. On average, analysts forecast that Boeing Co will post -6.1 earnings per share for the current year.

Boeing Profile

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

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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