PDS Planning Inc Raises Stock Holdings in The Boeing Company (NYSE:BA)

PDS Planning Inc boosted its position in shares of The Boeing Company (NYSE:BA) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,762 shares of the aircraft producer’s stock after purchasing an additional 177 shares during the quarter. PDS Planning Inc’s holdings in Boeing were worth $720,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of BA. Vanguard Group Inc. boosted its position in shares of Boeing by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after purchasing an additional 356,496 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Boeing by 1.1% in the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after buying an additional 91,801 shares during the period. Northern Trust Corp lifted its holdings in shares of Boeing by 3.2% in the 3rd quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock valued at $949,042,000 after buying an additional 153,168 shares during the period. Jennison Associates LLC acquired a new position in Boeing in the 4th quarter worth about $960,397,000. Finally, Invesco Ltd. raised its holdings in Boeing by 30.1% in the 3rd quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after purchasing an additional 759,267 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of NYSE BA traded up $0.71 during mid-day trading on Monday, hitting $170.53. The company had a trading volume of 4,705,913 shares, compared to its average volume of 9,638,274. The company has a market capitalization of $104.05 billion, a PE ratio of -46.33, a price-to-earnings-growth ratio of 134.48 and a beta of 1.52. The Boeing Company has a 1-year low of $167.53 and a 1-year high of $267.54. The business’s 50-day simple moving average is $190.29 and its 200 day simple moving average is $207.43.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the prior year, the business earned ($1.75) earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts expect that The Boeing Company will post 0.32 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BA shares. TD Cowen reduced their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 25th. JPMorgan Chase & Co. cut their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Sanford C. Bernstein lowered their price objective on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Barclays lowered their price objective on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Citigroup lowered their price objective on Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $226.71.

About Boeing

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.