Financial Advocates Investment Management lifted its position in The Boeing Company (NYSE:BA - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,541 shares of the aircraft producer's stock after buying an additional 2,474 shares during the quarter. Financial Advocates Investment Management's holdings in Boeing were worth $5,760,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in BA. Sterneck Capital Management LLC boosted its position in Boeing by 2.3% in the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer's stock valued at $530,000 after buying an additional 66 shares in the last quarter. Peoples Financial Services CORP. lifted its stake in shares of Boeing by 0.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer's stock valued at $1,352,000 after acquiring an additional 67 shares during the last quarter. GSG Advisors LLC lifted its stake in shares of Boeing by 4.7% in the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer's stock valued at $264,000 after acquiring an additional 67 shares during the last quarter. Bay Rivers Group boosted its holdings in shares of Boeing by 1.0% during the 4th quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer's stock valued at $1,313,000 after acquiring an additional 70 shares in the last quarter. Finally, Altus Wealth Group LLC grew its position in Boeing by 5.7% during the 3rd quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer's stock worth $201,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.
Boeing Price Performance
Shares of BA traded down $3.29 during trading hours on Friday, hitting $181.51. The stock had a trading volume of 5,385,293 shares, compared to its average volume of 7,716,679. The firm has a 50 day simple moving average of $172.22 and a 200-day simple moving average of $164.13. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $213.10. The firm has a market capitalization of $136.14 billion, a P/E ratio of -9.91 and a beta of 1.52.
Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the company posted ($0.47) earnings per share. Equities analysts predict that The Boeing Company will post -2.3 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on BA. Sanford C. Bernstein lowered Boeing from an "outperform" rating to a "market perform" rating and cut their price target for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Susquehanna boosted their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. TD Cowen dropped their price target on shares of Boeing from $200.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, October 14th. UBS Group boosted their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley decreased their price objective on Boeing from $195.00 to $170.00 and set an "equal weight" rating for the company in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $195.00.
Read Our Latest Analysis on BA
Boeing Profile
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Free Report)
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.
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