Empowered Funds LLC Acquires 505 Shares of The Boeing Company (NYSE:BA)

Empowered Funds LLC raised its holdings in The Boeing Company (NYSE:BA) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,006 shares of the aircraft producer’s stock after purchasing an additional 505 shares during the quarter. Empowered Funds LLC’s holdings in Boeing were worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing during the 2nd quarter worth $33,000. Hobbs Group Advisors LLC purchased a new stake in Boeing during the 2nd quarter worth about $34,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in Boeing during the 2nd quarter worth about $39,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Boeing during the 2nd quarter worth about $41,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA stock opened at $145.58 on Wednesday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $267.54. The business has a fifty day moving average price of $152.53 and a 200-day moving average price of $168.95. The stock has a market capitalization of $90.00 billion, a P/E ratio of -11.29 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm 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) EPS. Boeing’s revenue was down 1.5% on a year-over-year basis. As a group, analysts anticipate that The Boeing Company will post -16.2 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on BA shares. Jefferies Financial Group dropped their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. The Goldman Sachs Group dropped their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Susquehanna lowered their price target on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Citigroup lowered their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, UBS Group lowered their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.