The Boeing Company $BA Stock Bought by Talbot Financial LLC

Key Points

• Talbot Financial significantly increased its Boeing stake by 5,580.5% in the third quarter, purchasing 53,573 additional shares to hold 54,533 shares valued at approximately $10.15 million.
• Institutional ownership remains substantial at 64.82%, with several other investment firms also raising their Boeing positions during the quarter.
• Analysts maintain a generally positive outlook, with Boeing receiving a “Moderate Buy” consensus rating and an average price target of $266.96, despite the stock trading near $191 and the company reporting a quarterly earnings-per-share miss.

Talbot Financial LLC increased its holdings in The Boeing Company (NYSE:BA - Free Report) by 5,580.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,533 shares of the aircraft producer's stock after buying an additional 53,573 shares during the period. Talbot Financial LLC's holdings in Boeing were worth $10,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Independent Wealth Network Inc. lifted its position in shares of Boeing by 3.9% during the 3rd quarter. Independent Wealth Network Inc. now owns 5,352 shares of the aircraft producer's stock valued at $996,000 after acquiring an additional 200 shares during the period. Sculati Wealth Management LLC grew its holdings in shares of Boeing by 0.7% during the 3rd quarter. Sculati Wealth Management LLC now owns 9,436 shares of the aircraft producer's stock worth $1,788,000 after purchasing an additional 64 shares in the last quarter. Cottage Street Advisors LLC increased its position in shares of Boeing by 21.5% in the third quarter. Cottage Street Advisors LLC now owns 1,220 shares of the aircraft producer's stock worth $227,000 after purchasing an additional 216 shares during the period. SteelPeak Wealth LLC increased its position in shares of Boeing by 660.0% in the third quarter. SteelPeak Wealth LLC now owns 94,976 shares of the aircraft producer's stock worth $17,670,000 after purchasing an additional 82,479 shares during the period. Finally, CRA Financial Services LLC raised its stake in Boeing by 1.6% in the third quarter. CRA Financial Services LLC now owns 4,222 shares of the aircraft producer's stock valued at $785,000 after purchasing an additional 67 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boeing from $244.00 to $248.00 and gave the stock a "hold" rating in a research report on Wednesday, July 29th. Argus raised shares of Boeing from a "hold" rating to a "buy" rating and set a $265.00 target price on the stock in a report on Tuesday, August 11th. William Blair restated an "outperform" rating on shares of Boeing in a research report on Wednesday, September 30th. Royal Bank Of Canada dropped their target price on shares of Boeing from $265.00 to $235.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, Wolfe Research raised shares of Boeing from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 24th. Two investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and an average target price of $266.96.

Boeing Price Performance

Shares of Boeing stock traded up $0.87 during trading on Monday, reaching $191.08. 2,543,110 shares of the company's stock were exchanged, compared to its average volume of 6,800,154. 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 company has a market cap of $151.03 billion, a P/E ratio of 82.72 and a beta of 1.26. The firm's 50-day moving average price is $204.93 and its 200 day moving average price is $215.76.

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

Boeing 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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