Stonegate Investment Group LLC lifted its stake in shares of The Boeing Company (NYSE:BA – Free Report) by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,511 shares of the aircraft producer’s stock after buying an additional 177 shares during the quarter. Stonegate Investment Group LLC’s holdings in Boeing were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the third quarter valued at approximately $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing during the third quarter valued at approximately $30,000. Albion Financial Group UT lifted its holdings in shares of Boeing by 116.1% in the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after purchasing an additional 159 shares in the last quarter. Finally, Planning Capital Management Corp grew its position in Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares during the period. Institutional investors own 64.82% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Citigroup dropped their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Robert W. Baird dropped their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Wells Fargo & Company dropped their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Finally, DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.11.
Boeing Trading Up 1.5 %
NYSE:BA opened at $177.79 on Wednesday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63. The firm’s 50 day moving average is $167.04 and its 200 day moving average is $164.23. The stock has a market capitalization of $109.91 billion, a PE ratio of -13.78 and a beta of 1.52.
Boeing (NYSE:BA – Get Free Report) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the company posted ($0.47) earnings per share. Research analysts predict that The Boeing Company will post -16.39 earnings per share for the current year.
Boeing 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.
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