Retirement Planning Group LLC Buys 29,377 Shares of The Boeing Company $BA

Key Points

• Retirement Planning Group LLC increased its Boeing stake by 1,141.3% in the third quarter, purchasing 29,377 additional shares for a total holding of 31,951 shares valued at $5.94 million.
• Boeing has a consensus “Moderate Buy” rating from analysts, with an average price target of $266.96, although recent targets and ratings have varied from bullish upgrades to a sell downgrade.
• Boeing shares opened at $191.66, near the lower end of their 52-week range, while the company’s latest quarterly earnings missed expectations despite revenue of $24.56 billion, up 8% year over year.

Retirement Planning Group LLC boosted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 1,141.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,951 shares of the aircraft producer's stock after purchasing an additional 29,377 shares during the quarter. Retirement Planning Group LLC's holdings in Boeing were worth $5,944,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BA. Highland Investment Advisors LLC bought a new stake in Boeing in the second quarter valued at $26,000. Strategic Wealth Advisors LLC acquired a new position in shares of Boeing during the second quarter valued at $27,000. Bell Investment Advisors Inc bought a new position in shares of Boeing during the second quarter worth about $29,000. Bayban bought a new position in shares of Boeing during the fourth quarter worth about $29,000. Finally, Security National Bank of SO Dak bought a new position in shares of Boeing during the second quarter worth about $30,000. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BA. Tigress Financial increased their price objective on shares of Boeing from $295.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Rothschild & Co Redburn boosted their target price on shares of Boeing from $260.00 to $285.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Citigroup cut shares of Boeing from a "buy" rating to a "sell" rating in a research report on Tuesday, August 11th. TD Cowen decreased their target price on shares of Boeing from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, October 9th. Finally, Royal Bank Of Canada dropped their price target on shares of Boeing from $265.00 to $235.00 and set an "outperform" rating on the stock in a research note on Thursday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $266.96.

Boeing Trading Up 0.8%

NYSE:BA opened at $191.66 on Tuesday. The stock has a market cap of $151.48 billion, a price-to-earnings ratio of 82.97 and a beta of 1.26. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The business has a fifty day moving average of $204.10 and a 200-day moving average of $215.71.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.42). The company had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. Boeing's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.24) earnings per share. Equities analysts predict that The Boeing Company will post -0.96 earnings per share for the current year.

Boeing Company Profile

The Boeing Company NYSE: BA is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world's major aerospace manufacturers.

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