Boeing Sees Increased Institutional Investor Interest
Elevation Point Wealth Partners LLC has acquired a new position in The Boeing Company (NYSE:BA), according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,535 shares of the aircraft producer's stock, valued at approximately $4,012,000.
This is not an isolated instance of a new stake in Boeing being taken by an institutional investor. Revolve Wealth Partners LLC bought a new stake in Boeing in the 4th quarter valued at $201,000. Sivia Capital Partners LLC grew its position in Boeing by 16.5% in the second quarter.
The company's revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts predict that The Boeing Company will post -0.87 EPS for the current year.