CreativeOne Wealth LLC Acquires 298 Shares of The Boeing Company (NYSE:BA)

CreativeOne Wealth LLC lifted its stake in The Boeing Company (NYSE:BA) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,911 shares of the aircraft producer’s stock after purchasing an additional 298 shares during the quarter. CreativeOne Wealth LLC’s holdings in Boeing were worth $899,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Cedar Wealth Management LLC bought a new position in shares of Boeing during the third quarter valued at approximately $30,000. Kiely Wealth Advisory Group Inc. bought a new position in Boeing in the 2nd quarter valued at $33,000. Hobbs Group Advisors LLC purchased a new stake in Boeing in the second quarter worth $34,000. Harel Insurance Investments & Financial Services Ltd. lifted its position 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 purchasing an additional 165 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Boeing during the second quarter valued at $39,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Boeing stock opened at $155.65 on Friday. The Boeing Company has a one year low of $137.03 and a one year high of $267.54. The stock has a market cap of $96.22 billion, a PE ratio of -12.07 and a beta of 1.57. The stock has a 50-day moving average of $151.48 and a two-hundred day moving average of $167.51.

Boeing (NYSE:BA) last released 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 company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the business earned ($3.26) EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that The Boeing Company will post -16.19 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BA. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Morgan Stanley lowered their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Jefferies Financial Group reduced 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, October 30th. Finally, TD Cowen cut their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $190.11.

Boeing Company 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.