Larson Financial Group LLC Grows Stake in Boeing Co (NYSE:BA)

Larson Financial Group LLC boosted its position in shares of Boeing Co (NYSE:BA) by 49.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 460 shares of the aircraft producer’s stock after purchasing an additional 152 shares during the quarter. Larson Financial Group LLC’s holdings in Boeing were worth $175,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CFO4Life Group LLC lifted its position in Boeing by 5.2% during the 2nd quarter. CFO4Life Group LLC now owns 627 shares of the aircraft producer’s stock worth $228,000 after acquiring an additional 31 shares during the period. Accredited Investors Inc. lifted its position in Boeing by 2.0% during the 2nd quarter. Accredited Investors Inc. now owns 1,607 shares of the aircraft producer’s stock worth $585,000 after acquiring an additional 32 shares during the period. Northwest Bancshares Inc. lifted its position in Boeing by 1.8% during the 2nd quarter. Northwest Bancshares Inc. now owns 1,871 shares of the aircraft producer’s stock worth $681,000 after acquiring an additional 33 shares during the period. Winch Advisory Services LLC lifted its position in Boeing by 11.5% during the 2nd quarter. Winch Advisory Services LLC now owns 319 shares of the aircraft producer’s stock worth $116,000 after acquiring an additional 33 shares during the period. Finally, Nicholas Hoffman & Company LLC. lifted its position in Boeing by 1.6% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 2,061 shares of the aircraft producer’s stock worth $750,000 after acquiring an additional 33 shares during the period. Institutional investors own 67.85% of the company’s stock.

Shares of BA stock traded up $0.63 on Friday, hitting $371.63. The company had a trading volume of 126,642 shares, compared to its average volume of 3,719,077. The firm has a market cap of $210.51 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 12.21 and a beta of 1.25. The company has a 50-day moving average price of $370.70 and a 200-day moving average price of $362.49. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. Boeing Co has a twelve month low of $292.47 and a twelve month high of $446.01.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $1.07. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The firm had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.05 billion. During the same quarter in the previous year, the business earned $3.33 EPS. Boeing’s revenue for the quarter was down 35.1% compared to the same quarter last year. Equities research analysts expect that Boeing Co will post 3.71 EPS for the current year.

BA has been the subject of a number of research reports. Berenberg Bank set a $440.00 price target on Boeing and gave the stock a “buy” rating in a research report on Friday. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Bank of America lowered their price target on Boeing from $420.00 to $415.00 and set a “neutral” rating for the company in a research report on Wednesday. Jefferies Financial Group lowered their price target on Boeing from $448.00 to $420.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Finally, UBS Group set a $470.00 price target on Boeing and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. Boeing has a consensus rating of “Hold” and an average target price of $403.10.

Boeing Company Profile

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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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