Hudson Value Partners LLC Has $607,000 Stock Holdings in The Boeing Company (NYSE:BA)

by · The Cerbat Gem

Hudson Value Partners LLC lowered its stake in The Boeing Company (NYSE:BA – Free Report) by 7.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,995 shares of the aircraft producer’s stock after selling 340 shares during the period. Hudson Value Partners LLC’s holdings in Boeing were worth $607,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Boeing by 115.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,637 shares of the aircraft producer’s stock valued at $2,825,000 after purchasing an additional 7,848 shares in the last quarter. Empowered Funds LLC increased its position in Boeing by 44.6% in the 1st quarter. Empowered Funds LLC now owns 11,940 shares of the aircraft producer’s stock valued at $2,304,000 after acquiring an additional 3,680 shares during the period. Wealthspire Advisors LLC raised its stake in shares of Boeing by 81.8% during the first quarter. Wealthspire Advisors LLC now owns 14,105 shares of the aircraft producer’s stock valued at $2,722,000 after acquiring an additional 6,348 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Boeing by 55.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 13,813 shares of the aircraft producer’s stock worth $2,666,000 after purchasing an additional 4,924 shares during the last quarter. Finally, Lipe & Dalton increased its holdings in Boeing by 7.0% in the first quarter. Lipe & Dalton now owns 33,941 shares of the aircraft producer’s stock valued at $6,550,000 after purchasing an additional 2,210 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. TD Cowen dropped their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Morgan Stanley reduced their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Finally, Citigroup dropped their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $190.37.

View Our Latest Research Report on Boeing

Boeing Stock Up 2.6 %

NYSE BA opened at $150.98 on Friday. The company has a market cap of $93.34 billion, a PE ratio of -11.70 and a beta of 1.57. The Boeing Company has a 52 week low of $144.13 and a 52 week high of $267.54. The firm’s 50-day simple moving average is $156.17 and its two-hundred day simple moving average is $170.60.

Boeing (NYSE:BA – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm earned ($3.26) earnings per share. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research analysts anticipate that The Boeing Company will post -16.09 EPS for the current year.

About Boeing

(Free Report)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.

See Also

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