World Investment Advisors LLC Has $818,000 Stock Position in The Boeing Company (NYSE:BA)

World Investment Advisors LLC lifted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 243.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,381 shares of the aircraft producer's stock after purchasing an additional 3,814 shares during the period. World Investment Advisors LLC's holdings in Boeing were worth $818,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BA. RPg Family Wealth Advisory LLC bought a new position in Boeing during the third quarter worth $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing during the 3rd quarter worth about $30,000. Kiely Wealth Advisory Group Inc. bought a new position in Boeing in the 2nd quarter valued at about $33,000. Hobbs Group Advisors LLC acquired a new stake in Boeing during the second quarter worth approximately $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer's stock worth $39,000 after acquiring an additional 165 shares during the period. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BA. Citigroup dropped their price target on Boeing from $224.00 to $209.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. Robert W. Baird dropped their target price on Boeing from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Boeing from $225.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. TD Cowen lowered their price objective on Boeing from $200.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Finally, Benchmark reiterated a "buy" rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $190.11.

Boeing Price Performance

BA stock traded down $0.14 during midday trading on Tuesday, reaching $173.03. 13,409,072 shares of the stock were exchanged, compared to its average volume of 9,264,244. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $267.54. The company has a fifty day moving average price of $153.14 and a 200 day moving average price of $166.02. The stock has a market capitalization of $106.97 billion, a PE ratio of -13.35 and a beta of 1.56.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the company earned ($3.26) earnings per share. Boeing's revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, analysts anticipate that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Boeing Company Profile

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.