Certuity LLC Grows Position in The Boeing Company (NYSE:BA)

Certuity LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 57.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,484 shares of the aircraft producer’s stock after purchasing an additional 1,267 shares during the period. Certuity LLC’s holdings in Boeing were worth $908,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BA. Evolution Advisers Inc. acquired a new position in shares of Boeing during the fourth quarter worth $28,000. CNB Bank grew its stake in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares during the last quarter. Naples Money Management LLC acquired a new position in Boeing during the 4th quarter valued at about $44,000. M&R Capital Management Inc. raised its stake in Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 50 shares during the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in Boeing in the fourth quarter worth about $52,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of Boeing stock opened at $167.84 on Wednesday. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The business has a 50 day simple moving average of $185.21 and a two-hundred day simple moving average of $206.38.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 firm had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter in the previous year, the business posted ($1.75) EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, research analysts predict that The Boeing Company will post -0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BA. TD Cowen cut their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Northcoast Research lowered shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a research note on Wednesday, April 17th. Royal Bank of Canada lowered their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Morgan Stanley dropped their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. Finally, Sanford C. Bernstein reduced their target price on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $222.41.

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.