Regal Investment Advisors LLC Raises Stock Holdings in The Boeing Company (NYSE:BA)

Regal Investment Advisors LLC boosted its stake in The Boeing Company (NYSE:BA) by 10.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,440 shares of the aircraft producer’s stock after purchasing an additional 317 shares during the quarter. Regal Investment Advisors LLC’s holdings in Boeing were worth $626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sanders Morris Harris LLC increased its position in shares of Boeing by 869.1% during the 1st quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock valued at $4,395,000 after purchasing an additional 20,425 shares during the last quarter. Park Avenue Securities LLC grew its position in Boeing by 20.7% during the first quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock valued at $2,035,000 after acquiring an additional 1,805 shares during the last quarter. Williams Financial LLC purchased a new position in shares of Boeing during the second quarter worth approximately $1,637,000. Granite Bay Wealth Management LLC bought a new stake in shares of Boeing in the 2nd quarter worth approximately $561,000. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Boeing by 115.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,637 shares of the aircraft producer’s stock valued at $2,825,000 after purchasing an additional 7,848 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of Boeing in a research note on Wednesday, August 14th. Wells Fargo & Company reduced their price target on Boeing from $119.00 to $110.00 and set an “underweight” rating on the stock in a research report on Tuesday. Stifel Nicolaus boosted their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, TD Cowen cut their target price on shares of Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $207.67.

Boeing Price Performance

Shares of NYSE BA opened at $154.24 on Wednesday. The Boeing Company has a 1 year low of $149.49 and a 1 year high of $267.54. The stock has a market capitalization of $94.69 billion, a P/E ratio of -43.45 and a beta of 1.57. The company’s 50-day moving average is $167.34 and its 200 day moving average is $175.70.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter last year, the business earned ($0.82) EPS. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. Research analysts anticipate that The Boeing Company will post -4.27 earnings per share 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.