Wealth Alliance Advisory Group LLC Buys 60 Shares of The Boeing Company (NYSE:BA)

Wealth Alliance Advisory Group LLC lifted its stake in shares of The Boeing Company (NYSE:BA) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,798 shares of the aircraft producer’s stock after purchasing an additional 60 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Boeing were worth $691,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC bought a new position in shares of Boeing in the fourth quarter worth $26,000. DiNuzzo Private Wealth Inc. bought a new position in Boeing in the 4th quarter worth about $28,000. Vima LLC bought a new stake in shares of Boeing during the 4th quarter valued at about $34,000. Hobbs Group Advisors LLC purchased a new position in shares of Boeing during the second quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. increased its position in shares of Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE:BA opened at $173.74 on Friday. The firm has a market cap of $107.05 billion, a price-to-earnings ratio of -48.94 and a beta of 1.56. The business has a 50-day simple moving average of $178.13 and a two-hundred day simple moving average of $182.06. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data 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 firm had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same period last year, the firm earned ($0.82) earnings per share. The firm’s revenue was down 14.6% compared to the same quarter last year. As a group, research analysts predict that The Boeing Company will post -4.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BA shares. Robert W. Baird decreased their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of Boeing in a research note on Wednesday, August 14th. UBS Group dropped their price target on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Sanford C. Bernstein reduced their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Finally, Baird R W upgraded Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $215.18.

About Boeing

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.