Aristotle Atlantic Partners LLC Increases Holdings in Boeing Co (BA)

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Aristotle Atlantic Partners LLC boosted its holdings in shares of Boeing Co (NYSE:BA) by 665.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,529 shares of the aircraft producer’s stock after acquiring an additional 16,109 shares during the period. Boeing comprises 2.2% of Aristotle Atlantic Partners LLC’s portfolio, making the stock its 12th largest holding. Aristotle Atlantic Partners LLC’s holdings in Boeing were worth $6,216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BA. Hudock Capital Group LLC grew its holdings in Boeing by 3.4% in the second quarter. Hudock Capital Group LLC now owns 4,341 shares of the aircraft producer’s stock valued at $1,456,000 after purchasing an additional 144 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its holdings in Boeing by 0.5% in the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 30,349 shares of the aircraft producer’s stock valued at $10,182,000 after purchasing an additional 146 shares during the period. TNB Financial grew its holdings in Boeing by 1.6% in the second quarter. TNB Financial now owns 9,397 shares of the aircraft producer’s stock valued at $3,153,000 after purchasing an additional 149 shares during the period. Elite Wealth Management Inc. grew its holdings in Boeing by 17.8% in the first quarter. Elite Wealth Management Inc. now owns 993 shares of the aircraft producer’s stock valued at $326,000 after purchasing an additional 150 shares during the period. Finally, Bourne Lent Asset Management Inc. grew its holdings in Boeing by 9.5% in the second quarter. Bourne Lent Asset Management Inc. now owns 1,728 shares of the aircraft producer’s stock valued at $580,000 after purchasing an additional 150 shares during the period. Institutional investors own 69.77% of the company’s stock.

A number of research firms recently issued reports on BA. Cowen restated a “buy” rating and issued a $430.00 target price on shares of Boeing in a report on Wednesday, July 25th. UBS Group boosted their target price on shares of Boeing from $325.00 to $357.00 and gave the company a “neutral” rating in a report on Thursday, July 26th. Berenberg Bank restated a “buy” rating and issued a $430.00 target price on shares of Boeing in a report on Monday, September 3rd. Credit Suisse Group reiterated a “buy” rating and set a $455.00 price objective on shares of Boeing in a research note on Thursday, July 26th. Finally, Goldman Sachs Group set a $375.00 price objective on shares of Boeing and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. 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 a consensus rating of “Buy” and a consensus target price of $401.25.

BA opened at $356.26 on Monday. The company has a quick ratio of 0.32, a current ratio of 1.11 and a debt-to-equity ratio of -7.65. Boeing Co has a 52-week low of $254.50 and a 52-week high of $394.28. The company has a market cap of $204.67 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.78 and a beta of 1.40.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share for the quarter, missing the consensus estimate of $3.45 by ($0.12). The firm had revenue of $24.26 billion during the quarter, compared to analysts’ expectations of $24.02 billion. Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. Boeing’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.55 earnings per share. On average, research analysts predict that Boeing Co will post 14.58 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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