HL Financial Services LLC Boosts Position in Boeing Co (BA)
HL Financial Services LLC lifted its position in shares of Boeing Co (NYSE:BA) by 16.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,838 shares of the aircraft producer’s stock after purchasing an additional 2,411 shares during the quarter. HL Financial Services LLC’s holdings in Boeing were worth $5,649,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Boeing by 220.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock worth $105,000 after acquiring an additional 220 shares in the last quarter. Mount Yale Investment Advisors LLC bought a new stake in Boeing in the first quarter worth $108,000. Advisors Preferred LLC bought a new stake in Boeing in the first quarter worth $111,000. SWS Partners bought a new stake in Boeing in the fourth quarter worth $123,000. Finally, Lucia Wealth Services LLC bought a new stake in Boeing in the first quarter worth $126,000. Institutional investors own 69.71% of the company’s stock.
Several equities research analysts have commented on BA shares. Morgan Stanley set a $400.00 target price on Boeing and gave the stock a “hold” rating in a report on Friday, September 28th. Jefferies Financial Group reissued a “buy” rating and issued a $410.00 target price on shares of Boeing in a report on Sunday, July 29th. Goldman Sachs Group set a $375.00 target price on Boeing and gave the stock a “neutral” rating in a report on Wednesday, July 25th. Credit Suisse Group reissued a “buy” rating and issued a $455.00 target price on shares of Boeing in a report on Thursday, July 26th. Finally, Berenberg Bank reissued a “buy” rating and issued a $430.00 target price on shares of Boeing in a report on Monday, September 3rd. Six research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $401.25.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by ($0.12). The business had revenue of $24.26 billion during the quarter, compared to analysts’ expectations of $24.02 billion. Boeing had a return on equity of 2,344.87% and a net margin of 9.92%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.55 EPS. As a group, analysts anticipate that Boeing Co will post 14.6 earnings per share for the current year.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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