Integrated Wealth Concepts LLC Acquires 5,862 Shares of The Boeing Company $BA

Integrated Wealth Concepts LLC lifted its holdings in The Boeing Company (NYSE:BA) by 16.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,417 shares of the aircraft producer’s stock after purchasing an additional 5,862 shares during the period. Integrated Wealth Concepts LLC’s holdings in Boeing were worth $9,182,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. RFG Advisory LLC increased its holdings in shares of Boeing by 7.1% during the 2nd quarter. RFG Advisory LLC now owns 8,659 shares of the aircraft producer’s stock valued at $1,874,000 after acquiring an additional 577 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Boeing by 2.8% in the 2nd quarter. NewEdge Advisors LLC now owns 340,198 shares of the aircraft producer’s stock worth $73,643,000 after purchasing an additional 9,282 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in Boeing by 3.8% in the 2nd quarter. Baird Financial Group Inc. now owns 379,443 shares of the aircraft producer’s stock worth $82,138,000 after purchasing an additional 14,006 shares during the last quarter. West Family Investments Inc. boosted its position in Boeing by 3.9% during the second quarter. West Family Investments Inc. now owns 2,679 shares of the aircraft producer’s stock worth $580,000 after purchasing an additional 101 shares during the period. Finally, Waverly Advisors LLC boosted its position in Boeing by 7.1% during the second quarter. Waverly Advisors LLC now owns 53,304 shares of the aircraft producer’s stock worth $11,539,000 after purchasing an additional 3,517 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Down 0.7%

BA stock opened at $205.01 on Friday. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a market cap of $162.03 billion, a PE ratio of 88.75 and a beta of 1.21. The business’s 50-day simple moving average is $218.81 and its 200 day simple moving average is $219.27. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same period last year, the company earned ($1.24) EPS. The company’s revenue was up 8.0% on a year-over-year basis. On average, research analysts anticipate that The Boeing Company will post -0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BA. BNP Paribas Exane raised shares of Boeing from an “underperform” rating to an “outperform” rating and lifted their price target for the company from $230.00 to $300.00 in a research report on Monday, August 3rd. Tigress Financial upped their price objective on shares of Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. The Goldman Sachs Group lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a report on Tuesday, August 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $272.58.

Boeing Company Profile

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing’s commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.