YHB Investment Advisors Inc. Has $210,000 Stake in The Boeing Company (NYSE:BA)

YHB Investment Advisors Inc. decreased its position in shares of The Boeing Company (NYSE:BAGet Rating) by 17.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,535 shares of the aircraft producer’s stock after selling 330 shares during the period. YHB Investment Advisors Inc.’s holdings in Boeing were worth $210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Ballast Inc. increased its holdings in shares of Boeing by 34.0% during the 2nd quarter. Ballast Inc. now owns 5,839 shares of the aircraft producer’s stock worth $798,000 after purchasing an additional 1,480 shares during the period. Arkadios Wealth Advisors increased its holdings in shares of Boeing by 52.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 14,677 shares of the aircraft producer’s stock worth $2,007,000 after purchasing an additional 5,072 shares during the period. Signature Estate & Investment Advisors LLC increased its holdings in shares of Boeing by 41.2% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 2,225 shares of the aircraft producer’s stock worth $304,000 after purchasing an additional 649 shares during the period. KMG Fiduciary Partners LLC increased its holdings in shares of Boeing by 11.0% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 10,353 shares of the aircraft producer’s stock worth $1,415,000 after purchasing an additional 1,029 shares during the period. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of Boeing by 1.9% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 8,319 shares of the aircraft producer’s stock worth $1,137,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Boeing from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Bank of America upped their target price on shares of Boeing from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, September 7th. Benchmark lowered their target price on shares of Boeing from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, July 15th. Wells Fargo & Company lowered their target price on shares of Boeing from $214.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. Finally, Royal Bank of Canada set a $200.00 target price on shares of Boeing in a research note on Thursday, September 15th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $218.07.

Boeing Trading Down 3.2 %

Shares of Boeing stock opened at $138.71 on Friday. The stock has a market capitalization of $82.37 billion, a price-to-earnings ratio of -15.50 and a beta of 1.35. The Boeing Company has a 1-year low of $113.02 and a 1-year high of $233.94. The firm’s 50-day moving average price is $158.67 and its two-hundred day moving average price is $156.08.

Boeing (NYSE:BAGet Rating) last announced its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.23). The firm had revenue of $16.68 billion for the quarter, compared to the consensus estimate of $17.53 billion. During the same quarter last year, the firm earned $0.40 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, equities research analysts predict that The Boeing Company will post -1.95 EPS for the current year.

About Boeing

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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 through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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