198 Shares in The Boeing Company (NYSE:BA) Acquired by Kiely Wealth Advisory Group Inc.

Kiely Wealth Advisory Group Inc. purchased a new stake in The Boeing Company (NYSE:BA) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 198 shares of the aircraft producer’s stock, valued at approximately $33,000.

Other large investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in shares of Boeing by 28.2% during the second quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock worth $5,942,000 after acquiring an additional 7,182 shares during the last quarter. Sei Investments Co. raised its holdings in Boeing by 4.7% during the 2nd quarter. Sei Investments Co. now owns 245,647 shares of the aircraft producer’s stock worth $44,710,000 after purchasing an additional 11,092 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Boeing by 5.3% in the 2nd quarter. Pacer Advisors Inc. now owns 41,287 shares of the aircraft producer’s stock worth $7,515,000 after purchasing an additional 2,066 shares during the period. Newport Trust Company LLC boosted its stake in shares of Boeing by 1.2% in the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after purchasing an additional 388,633 shares during the last quarter. Finally, AE Wealth Management LLC increased its position in shares of Boeing by 19.5% during the second quarter. AE Wealth Management LLC now owns 16,402 shares of the aircraft producer’s stock worth $2,985,000 after buying an additional 2,678 shares during the period. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BA. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 target price on shares of Boeing in a report on Tuesday, June 25th. Susquehanna restated a “positive” rating and set a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. Sanford C. Bernstein lowered their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Bank of America increased their price target on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Finally, Robert W. Baird lowered their price objective on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $211.29.

Boeing Stock Down 0.8 %

Shares of Boeing stock opened at $153.29 on Friday. The company has a market cap of $94.10 billion, a PE ratio of -43.18 and a beta of 1.57. The Boeing Company has a 52 week low of $152.60 and a 52 week high of $267.54. The business has a 50 day moving average price of $171.21 and a 200-day moving average price of $177.74.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same quarter in the previous year, the business posted ($0.82) EPS. The company’s quarterly revenue was down 14.6% on a year-over-year basis. As a group, research analysts anticipate that The Boeing Company will post -4.26 EPS for the current year.

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.