The Boeing Company (NYSE:BA) Shares Acquired by Bedell Frazier Investment Counselling LLC

Bedell Frazier Investment Counselling LLC boosted its holdings in The Boeing Company (NYSE:BA) by 41.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,194 shares of the aircraft producer’s stock after acquiring an additional 3,274 shares during the period. Bedell Frazier Investment Counselling LLC’s holdings in Boeing were worth $1,702,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Madison Park Capital Advisors LLC increased its position in Boeing by 4.9% during the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after purchasing an additional 56 shares in the last quarter. Wealth Alliance Advisory Group LLC raised its position in shares of Boeing by 1.6% in the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after buying an additional 60 shares during the last quarter. IMS Capital Management lifted its stake in shares of Boeing by 0.4% during the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after buying an additional 62 shares during the period. ADE LLC boosted its position in Boeing by 4.4% during the second quarter. ADE LLC now owns 1,539 shares of the aircraft producer’s stock worth $280,000 after acquiring an additional 65 shares during the last quarter. Finally, Peoples Financial Services CORP. grew its stake in Boeing by 0.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after acquiring an additional 67 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

NYSE:BA opened at $149.29 on Monday. The firm has a 50-day moving average of $151.70 and a two-hundred day moving average of $168.27. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results 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 analysts’ expectations of $17.81 billion. During the same period in the prior year, the company earned ($3.26) earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. On average, research analysts expect that The Boeing Company will post -16.2 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on BA shares. JPMorgan Chase & Co. reduced their price target on Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, October 14th. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Stifel Nicolaus lifted their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Morgan Stanley cut their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Finally, Citigroup lowered their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $190.37.

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.