The Boeing Company (NYSE:BA) Shares Acquired by Islay Capital Management LLC

Islay Capital Management LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 50.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,135 shares of the aircraft producer’s stock after buying an additional 2,744 shares during the quarter. Boeing accounts for about 1.6% of Islay Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Islay Capital Management LLC’s holdings in Boeing were worth $2,120,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Trust Co. of Vermont raised its holdings in shares of Boeing by 1.0% in the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after purchasing an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC boosted its holdings in shares of Boeing by 2.7% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after buying an additional 47 shares during the period. WealthPlan Investment Management LLC increased its position in shares of Boeing by 1.0% in the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after acquiring an additional 49 shares in the last quarter. RB Capital Management LLC raised its holdings in shares of Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after acquiring an additional 50 shares during the period. Finally, M&R Capital Management Inc. boosted its stake in Boeing by 35.0% in the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 50 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on BA shares. StockNews.com cut shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday. TD Cowen dropped their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. JPMorgan Chase & Co. dropped their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $222.41.

Boeing Stock Down 2.0 %

Shares of NYSE:BA traded down $3.53 during trading on Tuesday, hitting $169.96. 4,210,764 shares of the company were exchanged, compared to its average volume of 9,663,585. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The firm has a fifty day moving average price of $185.92 and a two-hundred day moving average price of $206.50.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same period in the previous year, the firm posted ($1.75) EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. Equities research analysts expect that The Boeing Company will post -0.3 earnings per share for the current fiscal 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.