Quest Investment Management LLC Grows Holdings in Boeing Co (BA)

Quest Investment Management LLC boosted its stake in Boeing Co (NYSE:BA) by 454.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 39,564 shares of the aircraft producer’s stock after purchasing an additional 32,427 shares during the period. Boeing comprises approximately 2.0% of Quest Investment Management LLC’s portfolio, making the stock its 19th largest position. Quest Investment Management LLC’s holdings in Boeing were worth $13,274,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BA. Hudock Capital Group LLC increased its stake in shares of Boeing by 3.4% during the second quarter. Hudock Capital Group LLC now owns 4,341 shares of the aircraft producer’s stock worth $1,456,000 after acquiring an additional 144 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its position in Boeing by 0.5% during the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 30,349 shares of the aircraft producer’s stock worth $10,182,000 after buying an additional 146 shares during the period. TNB Financial grew its position in Boeing by 1.6% during the second quarter. TNB Financial now owns 9,397 shares of the aircraft producer’s stock worth $3,153,000 after buying an additional 149 shares during the period. Elite Wealth Management Inc. grew its position in Boeing by 17.8% during the first quarter. Elite Wealth Management Inc. now owns 993 shares of the aircraft producer’s stock worth $326,000 after buying an additional 150 shares during the period. Finally, Bourne Lent Asset Management Inc. grew its position in Boeing by 9.5% during the second quarter. Bourne Lent Asset Management Inc. now owns 1,728 shares of the aircraft producer’s stock worth $580,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 69.71% of the company’s stock.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. restated a “buy” rating and set a $400.00 target price on shares of Boeing in a research report on Thursday, July 26th. UBS Group upped their price target on shares of Boeing from $325.00 to $357.00 and gave the company a “neutral” rating in a report on Thursday, July 26th. Cowen reaffirmed a “buy” rating and issued a $430.00 price target on shares of Boeing in a report on Wednesday, July 25th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. Finally, Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $393.00 price target on the stock in a report on Monday, July 16th. Six research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $401.25.

BA traded up $2.00 during trading hours on Friday, reaching $360.11. 5,352,732 shares of the stock traded hands, compared to its average volume of 4,481,468. The firm has a market cap of $213.66 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 1.85 and a beta of 1.39. The company has a current ratio of 1.11, a quick ratio of 0.32 and a debt-to-equity ratio of -7.65. Boeing Co has a fifty-two week low of $254.50 and a fifty-two week high of $394.28.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by ($0.12). Boeing had a return on equity of 2,344.87% and a net margin of 9.92%. The company had revenue of $24.26 billion for the quarter, compared to analyst estimates of $24.02 billion. During the same period in the prior year, the business earned $2.55 earnings per share. Boeing’s revenue was up 5.2% on a year-over-year basis. On average, analysts forecast that Boeing Co will post 14.6 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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