Kowal Investment Group LLC Buys Shares of 1,686 The Boeing Company (NYSE:BA)

Kowal Investment Group LLC bought a new stake in The Boeing Company (NYSE:BA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,686 shares of the aircraft producer’s stock, valued at approximately $307,000.

A number of other institutional investors also recently bought and sold shares of BA. Capital Research Global Investors raised its stake in shares of Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after buying an additional 4,425,964 shares during the period. Wellington Management Group LLP grew its position in shares of Boeing by 563.9% during the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Boeing by 23.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after purchasing an additional 1,884,850 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Boeing during the first quarter worth about $272,312,000. Finally, Vanguard Group Inc. grew its position in shares of Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after purchasing an additional 1,222,816 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

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

Boeing Stock Down 0.8 %

BA opened at $153.29 on Friday. The business has a fifty day moving average of $171.21 and a 200 day moving average of $177.57. The Boeing Company has a 52-week low of $152.60 and a 52-week high of $267.54. The stock has a market cap of $94.10 billion, a P/E ratio of -43.18 and a beta of 1.57.

Boeing (NYSE:BA) last issued 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 business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period last year, the company earned ($0.82) EPS. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. Equities analysts anticipate that The Boeing Company will post -4.26 EPS for the current fiscal 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.