Vigilare Wealth Management Has $320,000 Stock Position in The Boeing Company (NYSE:BA)

Vigilare Wealth Management lowered its stake in The Boeing Company (NYSE:BA – Get Rating) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,682 shares of the aircraft producer’s stock after selling 358 shares during the period. Vigilare Wealth Management’s holdings in Boeing were worth $320,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BA. Great Lakes Advisors LLC boosted its stake in Boeing by 0.7% during the third quarter. Great Lakes Advisors LLC now owns 9,311 shares of the aircraft producer’s stock valued at $1,127,000 after buying an additional 61 shares during the period. Traynor Capital Management Inc. boosted its stake in Boeing by 1.8% during the third quarter. Traynor Capital Management Inc. now owns 3,719 shares of the aircraft producer’s stock valued at $450,000 after buying an additional 64 shares during the period. MKT Advisors LLC boosted its stake in Boeing by 1.7% during the second quarter. MKT Advisors LLC now owns 3,850 shares of the aircraft producer’s stock valued at $527,000 after buying an additional 66 shares during the period. Fiduciary Group LLC boosted its stake in Boeing by 1.3% during the third quarter. Fiduciary Group LLC now owns 5,069 shares of the aircraft producer’s stock valued at $900,000 after buying an additional 66 shares during the period. Finally, Legal Advantage Investments Inc. boosted its stake in Boeing by 0.4% during the third quarter. Legal Advantage Investments Inc. now owns 19,059 shares of the aircraft producer’s stock valued at $2,308,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 57.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BA. Morgan Stanley lowered Boeing from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $213.00 to $220.00 in a research note on Tuesday, January 10th. Jefferies Financial Group lifted their price target on Boeing from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 30th. Robert W. Baird lifted their price target on Boeing from $210.00 to $250.00 in a research note on Tuesday, January 3rd. Royal Bank of Canada set a $225.00 price target on Boeing in a research note on Tuesday. Finally, Citigroup lifted their price target on Boeing from $222.00 to $248.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $225.13.

Boeing Stock Performance

Shares of Boeing stock opened at $201.05 on Friday. The Boeing Company has a 52-week low of $113.02 and a 52-week high of $221.33. The stock has a market capitalization of $120.46 billion, a price-to-earnings ratio of -24.25, a P/E/G ratio of 55.65 and a beta of 1.43. The company’s 50 day moving average price is $209.05 and its 200-day moving average price is $177.92.

Boeing (NYSE:BA – Get Rating) last issued its earnings results on Wednesday, January 25th. The aircraft producer reported ($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($1.80). The firm had revenue of $19.98 billion for the quarter, compared to analysts’ expectations of $20.10 billion. The business’s revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the company earned ($7.69) EPS. As a group, equities research analysts forecast that The Boeing Company will post 0.93 earnings per share for the current fiscal year.

Boeing Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.