Legacy Financial Advisors Inc. Buys 1,032 Shares of The Boeing Company (NYSE:BA)

Legacy Financial Advisors Inc. grew its stake in The Boeing Company (NYSE:BA) by 12.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,422 shares of the aircraft producer’s stock after purchasing an additional 1,032 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Boeing were worth $1,715,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BA. Vermillion & White Wealth Management Group LLC purchased a new stake in Boeing in the fourth quarter worth $26,000. Vima LLC purchased a new position in shares of Boeing in the fourth quarter valued at $34,000. Accent Capital Management LLC purchased a new position in shares of Boeing in the fourth quarter valued at $39,000. Frank Rimerman Advisors LLC purchased a new position in shares of Boeing in the fourth quarter valued at $48,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Boeing in the second quarter valued at $34,000. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on BA shares. Baird R W upgraded Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. UBS Group lowered their target price on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Bank of America boosted their target price on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. Stifel Nicolaus boosted their target price on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird lowered their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $211.29.

Boeing Stock Down 0.8 %

Boeing stock opened at $153.29 on Friday. The company has a market capitalization of $94.10 billion, a P/E ratio of -43.18 and a beta of 1.57. The Boeing Company has a twelve month low of $152.60 and a twelve month high of $267.54. The stock’s 50 day moving average is $171.21 and its 200 day moving average is $177.74.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.82) earnings per share. As a group, equities analysts expect 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.