Princeton Global Asset Management LLC Boosts Stock Holdings in The Boeing Company (NYSE:BA)

Princeton Global Asset Management LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 106.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,326 shares of the aircraft producer’s stock after purchasing an additional 683 shares during the period. Princeton Global Asset Management LLC’s holdings in Boeing were worth $235,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Adamsbrown Wealth Consultants LLC raised its stake in Boeing by 10.7% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 2,439 shares of the aircraft producer’s stock worth $432,000 after purchasing an additional 235 shares during the period. Valley National Advisers Inc. raised its stake in shares of Boeing by 4.4% in the 4th quarter. Valley National Advisers Inc. now owns 1,742 shares of the aircraft producer’s stock valued at $308,000 after acquiring an additional 73 shares during the period. McAdam LLC raised its stake in shares of Boeing by 31.0% in the 4th quarter. McAdam LLC now owns 2,466 shares of the aircraft producer’s stock valued at $437,000 after acquiring an additional 583 shares during the period. Pacific Sage Partners LLC raised its stake in shares of Boeing by 6.4% in the 4th quarter. Pacific Sage Partners LLC now owns 8,835 shares of the aircraft producer’s stock valued at $1,564,000 after acquiring an additional 533 shares during the period. Finally, Round Rock Advisors LLC raised its stake in shares of Boeing by 36.1% in the 4th quarter. Round Rock Advisors LLC now owns 2,007 shares of the aircraft producer’s stock valued at $355,000 after acquiring an additional 532 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $175.95 on Tuesday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $213.77. The firm has a fifty day moving average of $169.50 and a two-hundred day moving average of $164.05. The firm has a market cap of $108.77 billion, a P/E ratio of -9.60 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the business earned ($0.47) EPS. On average, sell-side analysts expect that The Boeing Company will post -2.12 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. Wells Fargo & Company raised their target price on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Benchmark reissued a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. UBS Group raised their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.00.

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.