The Boeing Company (NYSE:BA) Shares Purchased by Hollencrest Capital Management

Hollencrest Capital Management raised its position in The Boeing Company (NYSE:BA) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,441 shares of the aircraft producer’s stock after acquiring an additional 100 shares during the quarter. Hollencrest Capital Management’s holdings in Boeing were worth $262,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Chicago Partners Investment Group LLC lifted its position in shares of Boeing by 0.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock worth $3,895,000 after buying an additional 56 shares during the last quarter. Madison Park Capital Advisors LLC raised its stake 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 acquiring an additional 56 shares during the period. Angeles Wealth Management LLC lifted its holdings 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 acquiring an additional 60 shares during the last quarter. Bridge Creek Capital Management LLC boosted its stake in Boeing by 3.1% in the first quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after acquiring an additional 60 shares during the period. Finally, Wealth Alliance Advisory Group LLC grew its holdings in shares of Boeing by 1.6% during the second 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 during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.4 %

Shares of Boeing stock opened at $154.55 on Friday. The Boeing Company has a 12-month low of $154.02 and a 12-month high of $267.54. The firm has a market capitalization of $94.88 billion, a PE ratio of -43.54 and a beta of 1.57. The stock’s fifty day moving average is $171.80 and its 200-day moving average is $178.07.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. Boeing’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.82) earnings per share. Analysts expect that The Boeing Company will post -4.26 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on BA shares. Baird R W upgraded Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Susquehanna restated a “positive” rating and set a $230.00 price target on shares of Boeing in a research report on Wednesday, August 14th. Sanford C. Bernstein reduced their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Wells Fargo & Company restated an “underweight” rating and issued a $119.00 price target (down previously from $185.00) on shares of Boeing in a research note on Tuesday, September 3rd. Finally, Robert W. Baird decreased their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.29.

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.