Traverso Chambers Private Wealth Management LLC Makes New Investment in Boeing Co (NYSE:BA)

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Traverso Chambers Private Wealth Management LLC purchased a new stake in shares of Boeing Co (NYSE:BA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,471 shares of the aircraft producer’s stock, valued at approximately $270,000.

Several other large investors also recently modified their holdings of BA. Auxier Asset Management increased its stake in Boeing by 0.7% in the 4th quarter. Auxier Asset Management now owns 15,199 shares of the aircraft producer’s stock worth $4,951,000 after acquiring an additional 100 shares during the last quarter. Capital Wealth Planning LLC increased its stake in Boeing by 4.4% in the 4th quarter. Capital Wealth Planning LLC now owns 200,712 shares of the aircraft producer’s stock worth $65,384,000 after acquiring an additional 8,482 shares during the last quarter. 360 Financial Inc. bought a new stake in Boeing in the 4th quarter worth approximately $226,000. Circle Wealth Management LLC increased its stake in Boeing by 34.8% in the 4th quarter. Circle Wealth Management LLC now owns 1,070 shares of the aircraft producer’s stock worth $349,000 after acquiring an additional 276 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Boeing by 515.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 18,545 shares of the aircraft producer’s stock worth $6,055,000 after acquiring an additional 15,534 shares during the last quarter. Hedge funds and other institutional investors own 61.88% of the company’s stock.

A number of analysts have issued reports on the company. Goldman Sachs Group reaffirmed a “buy” rating and issued a $238.00 price objective (up previously from $209.00) on shares of Boeing in a research note on Monday, June 8th. Seaport Global Securities began coverage on Boeing in a report on Monday, June 8th. They issued a “buy” rating and a $277.00 target price for the company. Jefferies Financial Group lifted their target price on Boeing from $185.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Citigroup cut Boeing from a “buy” rating to a “neutral” rating and set a $175.00 target price for the company. in a report on Monday, April 20th. Finally, Barclays reiterated a “neutral” rating and issued a $125.00 target price on shares of Boeing in a report on Friday, May 1st. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $228.46.

Shares of BA stock traded down $5.17 during mid-day trading on Thursday, hitting $174.91. The stock had a trading volume of 8,791,906 shares, compared to its average volume of 60,465,848. Boeing Co has a 12-month low of $89.00 and a 12-month high of $391.00. The firm has a market capitalization of $101.62 billion, a P/E ratio of -29.20 and a beta of 1.47. The firm’s 50-day moving average is $174.46 and its two-hundred day moving average is $221.88.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 29th. The aircraft producer reported ($1.70) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.04) by $0.34. The firm had revenue of $16.91 billion during the quarter, compared to analyst estimates of $16.90 billion. Boeing had a negative return on equity of 3.08% and a negative net margin of 4.84%. The business’s revenue for the quarter was down 26.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.16 EPS. Sell-side analysts predict that Boeing Co will post -6.08 earnings per share for the current fiscal year.

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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