Ferguson Wellman Capital Management Inc. Increases Stock Holdings in The Boeing Company (NYSE:BA)

Ferguson Wellman Capital Management Inc. increased its holdings in The Boeing Company (NYSE:BA) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,120 shares of the aircraft producer’s stock after acquiring an additional 94 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Boeing were worth $1,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sugar Maple Asset Management LLC purchased a new position in Boeing during the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing during the third quarter valued at $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing during the fourth quarter valued at $28,000. Cedar Wealth Management LLC purchased a new position in Boeing during the third quarter valued at $30,000. Finally, Heck Capital Advisors LLC purchased a new position in Boeing during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Citigroup lifted their price target on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. TD Cowen lowered their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Stock Down 0.5 %

NYSE BA opened at $180.58 on Tuesday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $209.80. The firm has a market capitalization of $135.45 billion, a P/E ratio of -9.86 and a beta of 1.52. The company has a 50-day moving average price of $172.22 and a 200-day moving average price of $164.02.

Boeing (NYSE:BA) last released its quarterly earnings results 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 firm earned ($0.47) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -2.3 EPS for the current year.

Boeing Company Profile

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.