Burns J W & Co. Inc. NY Has $2.11 Million Stock Position in The Boeing Company (NYSE:BA)

Burns J W & Co. Inc. NY increased its holdings in The Boeing Company (NYSE:BA) by 131.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,932 shares of the aircraft producer’s stock after purchasing an additional 6,777 shares during the period. Burns J W & Co. Inc. NY’s holdings in Boeing were worth $2,112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BA. American Century Companies Inc. lifted its holdings in Boeing by 20.8% in the second quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock valued at $8,189,000 after buying an additional 7,739 shares during the period. Meeder Asset Management Inc. raised its position in shares of Boeing by 325.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock worth $55,000 after acquiring an additional 231 shares in the last quarter. Zions Bancorporation N.A. boosted its position in shares of Boeing by 87.0% during the 2nd quarter. Zions Bancorporation N.A. now owns 836 shares of the aircraft producer’s stock valued at $152,000 after purchasing an additional 389 shares in the last quarter. Westover Capital Advisors LLC acquired a new stake in Boeing during the second quarter worth approximately $348,000. Finally, Thoroughbred Financial Services LLC increased its holdings in Boeing by 5.1% in the second quarter. Thoroughbred Financial Services LLC now owns 10,803 shares of the aircraft producer’s stock worth $1,966,000 after purchasing an additional 520 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of NYSE BA traded down $1.44 during trading on Monday, reaching $170.56. 6,002,546 shares of the stock traded hands, compared to its average volume of 8,543,108. The company has a 50-day moving average of $161.39 and a 200-day moving average of $165.16. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59. The stock has a market capitalization of $105.44 billion, a P/E ratio of -13.22 and a beta of 1.52.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the previous year, the company earned ($3.26) EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts expect that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of several recent analyst reports. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Susquehanna decreased their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Citigroup reduced their target price on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. The Goldman Sachs Group reduced their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $192.21.

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.