World Investment Advisors LLC Acquires 3,814 Shares of The Boeing Company (NYSE:BA)

World Investment Advisors LLC increased its stake in The Boeing Company (NYSE:BA) by 243.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,381 shares of the aircraft producer’s stock after purchasing an additional 3,814 shares during the period. World Investment Advisors LLC’s holdings in Boeing were worth $818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lantz Financial LLC increased its position in shares of Boeing by 109.7% during the 2nd quarter. Lantz Financial LLC now owns 2,695 shares of the aircraft producer’s stock valued at $491,000 after purchasing an additional 1,410 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Boeing by 51.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,428 shares of the aircraft producer’s stock valued at $442,000 after acquiring an additional 820 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after acquiring an additional 165 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in shares of Boeing in the 2nd quarter worth approximately $34,000. Finally, Summit Global Investments boosted its stake in shares of Boeing by 7.1% in the 2nd quarter. Summit Global Investments now owns 4,550 shares of the aircraft producer’s stock valued at $828,000 after purchasing an additional 300 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. TD Cowen lowered their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research note on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Robert W. Baird lowered their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group dropped their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $190.11.

Boeing Stock Performance

Boeing stock opened at $173.23 on Tuesday. The stock has a market cap of $107.09 billion, a price-to-earnings ratio of -13.43 and a beta of 1.56. The stock’s 50 day simple moving average is $153.14 and its two-hundred day simple moving average is $166.02. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last announced its 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 firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($3.26) EPS. On average, analysts predict that The Boeing Company will post -16.18 earnings per share for the current year.

Boeing Profile

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.