The Boeing Company (NYSE:BA) Shares Bought by Choreo LLC

Choreo LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 57.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,673 shares of the aircraft producer’s stock after purchasing an additional 4,994 shares during the quarter. Choreo LLC’s holdings in Boeing were worth $3,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont raised its stake in Boeing by 1.0% in the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after purchasing an additional 45 shares during the last quarter. Benchmark Financial Wealth Advisors LLC increased its stake in shares of Boeing by 2.7% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after acquiring an additional 47 shares during the last quarter. WealthPlan Investment Management LLC increased its stake in shares of Boeing by 1.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after acquiring an additional 49 shares during the last quarter. RB Capital Management LLC increased its stake in shares of Boeing by 2.7% during the 3rd 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 last quarter. Finally, M&R Capital Management Inc. increased its stake in shares of Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 3.8 %

Shares of NYSE:BA opened at $173.53 on Tuesday. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The company has a 50 day moving average of $185.92 and a two-hundred day moving average of $206.50.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same period last year, the business earned ($1.75) EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. Research analysts anticipate that The Boeing Company will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BA shares. Stifel Nicolaus dropped their price objective on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. TD Cowen dropped their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Melius Research reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Finally, The Goldman Sachs Group dropped their target price on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Boeing presently has an average rating of “Hold” and an average price target of $222.41.

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.