Is Boeing Getting Too Close to The Sky?

Analyst Rich Safran Managing Director and Senior Analyst at Seaport Global Securities LLC placed a target of $277 for the stock price for The Boeing Company (BA) NYSE –Nasdaq. Safran is  and  aerospace and defense equity research analyst and former Aerospace engineer and program manager. He started his professional career working at Northrop Grumman on the B-2 program.

Goldman Sachs analyst Noah Poponak increased  his price target on The Boeing Company (BA) NYSE –Nasdaq stock from $209 to $238 a share on June 7th, 2020. As of 7:30 on June 8th the stock is trading at 228.72+23.29 (+11.34%)

 

David L. Calhoun is an American businessman who has been president and CEO of The Boeing Company since January 2020. He was previously the company’s chairman. He has vowed to improve things at the company such as the internal culture.

We see this stock rising up to new levels due to the start of the rebound economy going forward.

 

Seaport Global launched coverage of Boeing (ticker: BA) stock with the equivalent of a Buy rating. Analyst Rich Safran has a target of $277 for the stock price, the highest on Wall Street. Another bull, Goldman Sachs analyst Noah Poponak, raised his price target on Boeing stock from $209 to $238 a share

Boeing is the world’s largest aerospace company and leading manufacturer of commercial jetliners, defense, space and security systems, and service provider of aftermarket support. As America’s biggest manufacturing exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries. Source: https://www.boeing.com/company/general-info/index.page#/overview

Top Mutual Fund Holders

Holder  Shares  Date Reported  % Out    Value

Vanguard Total Stock Market Index Fund              15,062,314           Dec 30, 2019       2.67%    4,906,699,408

Vanguard 500 Index Fund            10,681,679           Dec 30, 2019       1.89%    3,479,663,751

Washington Mutual Investors Fund         9,743,181             Dec 30, 2019       1.73%    3,173,938,642

American Balanced Fund              7,604,600             Dec 30, 2019       1.35%    2,477,274,496

SPDR S&P 500 ETF Trust 6,176,075             Jan 30, 2020        1.09%    1,965,659,390

 

 

Top Institutional Holders

Holder  Shares  Date Reported  % Out    Value

Vanguard Group, Inc. (The)          41,756,605           Mar 30, 2020      7.40%    6,227,580,069

Blackrock Inc.     33,252,360           Mar 30, 2020      5.89%    4,959,256,970

Newport Trust Co             32,725,504           Mar 30, 2020      5.80%    4,880,681,666

Capital World Investors 30,555,090           Mar 30, 2020      5.41%    4,556,986,122

State Street Corporation               26,146,396           Mar 30, 2020      4.63%    3,899,473,499

Price (T.Rowe) Associates Inc      19,483,408           Mar 30, 2020      3.45%    2,905,755,469

 

Our Top Stock are Walmart which is grossly undervalued and should be trading above $300 and Groupon (NASDAQ:GRPN) with a potential upside $50 by end of the year with strong holiday sales and retail spending. Another company we like is Google Alphabet ( NASDAQ:GOOGL ) with an upside of $2000 and Apple ( NASDQ:AAPL ) with upside of $1000.

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