DCF Advisers LLC Raises Stake in The Boeing Company (NYSE:BA)

DCF Advisers LLC increased its stake in The Boeing Company (NYSE:BA) by 5.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,650 shares of the aircraft producer’s stock after buying an additional 250 shares during the period. DCF Advisers LLC’s holdings in Boeing were worth $846,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC increased its position in shares of Boeing by 0.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock worth $3,895,000 after acquiring an additional 56 shares during the period. Madison Park Capital Advisors LLC boosted its holdings in shares of Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after purchasing an additional 56 shares during the period. Angeles Wealth Management LLC grew its stake in Boeing by 4.3% in the fourth quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock worth $381,000 after purchasing an additional 60 shares in the last quarter. Bridge Creek Capital Management LLC increased its holdings in Boeing by 3.1% during the 1st quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock worth $383,000 after purchasing an additional 60 shares during the period. Finally, Wealth Alliance Advisory Group LLC raised its position 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 valued at $691,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Boeing stock opened at $154.55 on Friday. The Boeing Company has a one year low of $154.02 and a one year high of $267.54. The stock has a market cap of $94.88 billion, a PE ratio of -43.54 and a beta of 1.57. The stock has a 50-day moving average of $171.80 and a two-hundred day moving average of $178.07.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. The firm’s revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.82) earnings per share. As a group, sell-side analysts predict that The Boeing Company will post -4.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BA. Stifel Nicolaus increased their price target on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird cut their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Bank of America upped their price target on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $225.00 price objective on shares of Boeing in a report on Tuesday, June 25th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $119.00 target price (down previously from $185.00) on shares of Boeing in a report on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average target price of $211.29.

Boeing Company 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.