Keudell Morrison Wealth Management Has $1.71 Million Stock Holdings in Boeing Co (NYSE:BA)

Keudell Morrison Wealth Management increased its stake in shares of Boeing Co (NYSE:BA) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,164 shares of the aircraft producer’s stock after purchasing an additional 71 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Boeing were worth $1,711,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BA. Thoroughbred Financial Services LLC increased its position in Boeing by 36,928.2% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock worth $623,555,000 after purchasing an additional 6,218,711 shares in the last quarter. Nuveen Asset Management LLC increased its position in Boeing by 1,774.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,149,922 shares of the aircraft producer’s stock worth $1,510,613,000 after purchasing an additional 3,928,546 shares in the last quarter. Viking Global Investors LP acquired a new position in Boeing during the 2nd quarter worth approximately $1,010,899,000. Price T Rowe Associates Inc. MD increased its position in Boeing by 7.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock worth $13,009,918,000 after purchasing an additional 2,607,364 shares in the last quarter. Finally, FMR LLC increased its position in Boeing by 26.5% during the 1st quarter. FMR LLC now owns 11,041,836 shares of the aircraft producer’s stock worth $4,211,577,000 after purchasing an additional 2,311,630 shares in the last quarter. Institutional investors and hedge funds own 67.86% of the company’s stock.

Shares of BA traded down $3.34 during trading hours on Tuesday, hitting $377.13. 1,503,899 shares of the stock were exchanged, compared to its average volume of 3,808,411. Boeing Co has a fifty-two week low of $292.47 and a fifty-two week high of $446.01. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.03 and a quick ratio of 0.29. The business has a 50-day moving average of $362.13 and a 200-day moving average of $362.52. The firm has a market capitalization of $215.44 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 11.33 and a beta of 1.24.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $1.07. Boeing had a net margin of 5.42% and a negative return on equity of 632.24%. The company had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.05 billion. During the same period in the prior year, the company posted $3.33 earnings per share. Boeing’s revenue for the quarter was down 35.1% compared to the same quarter last year. As a group, analysts forecast that Boeing Co will post 4.09 earnings per share for the current fiscal year.

BA has been the subject of several recent research reports. Canaccord Genuity set a $380.00 price target on shares of Boeing and gave the company a “hold” rating in a research report on Friday, July 19th. Credit Suisse Group restated a “buy” rating and issued a $425.00 price target on shares of Boeing in a research report on Thursday, July 25th. Buckingham Research set a $395.00 price target on shares of Boeing and gave the company a “hold” rating in a research report on Friday. Goldman Sachs Group restated a “neutral” rating and issued a $375.00 price target on shares of Boeing in a research report on Friday, July 12th. Finally, Barclays set a $367.00 price target on shares of Boeing and gave the company a “hold” rating in a research report on Tuesday, September 10th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. Boeing has an average rating of “Hold” and an average target price of $404.47.

Boeing 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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