Rovin Capital UT ADV acquired a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,799 shares of the aircraft producer's stock, valued at approximately $578,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Executive Wealth Management LLC bought a new stake in Boeing during the 3rd quarter valued at approximately $264,000. Shoker Investment Counsel Inc. grew its position in Boeing by 3.9% in the 3rd quarter. Shoker Investment Counsel Inc. now owns 2,783 shares of the aircraft producer's stock worth $423,000 after purchasing an additional 104 shares during the last quarter. SpiderRock Advisors LLC lifted its stake in shares of Boeing by 49.0% in the third quarter. SpiderRock Advisors LLC now owns 86,115 shares of the aircraft producer's stock valued at $13,093,000 after buying an additional 28,317 shares during the period. CWA Asset Management Group LLC acquired a new position in Boeing in the 3rd quarter valued at approximately $334,000. Finally, Equitable Trust Co. increased its position in shares of Boeing by 810.6% during the third quarter. Equitable Trust Co. now owns 25,133 shares of the aircraft producer's stock valued at $3,821,000 after purchasing an additional 22,373 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.
BA has been the topic of a number of recent research reports. Susquehanna decreased their price target on shares of Boeing from $210.00 to $200.00 and set a "positive" rating on the stock in a research note on Thursday, October 24th. The Goldman Sachs Group lowered their price objective on Boeing from $232.00 to $202.00 and set a "buy" rating on the stock in a research note on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft cut their target price on Boeing from $225.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company reduced their target price on shares of Boeing from $86.00 to $85.00 and set an "underweight" rating on the stock in a research note on Monday, November 4th. Finally, Sanford C. Bernstein cut shares of Boeing from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $190.37.
Check Out Our Latest Research Report on Boeing
Shares of BA stock opened at $151.77 on Friday. The firm's 50 day moving average price is $155.31 and its two-hundred day moving average price is $170.34. The stock has a market cap of $93.82 billion, a PE ratio of -11.77 and a beta of 1.57. The Boeing Company has a 52-week low of $144.13 and a 52-week high of $267.54.
Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts' consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the company earned ($3.26) EPS. The company's revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that The Boeing Company will post -16.09 earnings per share for the current fiscal year.
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.
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