Donaldson Capital Management LLC Reduces Stock Position in The Boeing Company (NYSE:BA)

Donaldson Capital Management LLC cut its position in shares of The Boeing Company (NYSE:BA) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,350 shares of the aircraft producer’s stock after selling 85 shares during the period. Donaldson Capital Management LLC’s holdings in Boeing were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. 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 valued at $25,000 after purchasing an additional 66 shares during the last quarter. True Wealth Design LLC acquired a new position in Boeing in the 4th quarter worth about $33,000. Park Place Capital Corp raised its holdings in Boeing by 185.1% in the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after purchasing an additional 137 shares during the period. Industrial Alliance Investment Management Inc. acquired a new position in Boeing in the 4th quarter worth about $41,000. Finally, Fortis Capital Advisors LLC raised its holdings in shares of Boeing by 100.0% during the first quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock valued at $42,000 after acquiring an additional 100 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BA has been the subject of several recent research reports. Melius Research reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Citigroup cut their price target on Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. JPMorgan Chase & Co. cut their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday. Finally, Stifel Nicolaus lowered their price objective on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $233.88.

Boeing Price Performance

Shares of BA traded up $1.08 during midday trading on Tuesday, reaching $168.90. 1,459,958 shares of the stock were exchanged, compared to its average volume of 9,757,332. The business’s 50-day moving average price is $193.45 and its 200 day moving average price is $207.95. The Boeing Company has a twelve month low of $167.53 and a twelve month high of $267.54. The company has a market capitalization of $103.05 billion, a price-to-earnings ratio of -45.76, a PEG ratio of 115.71 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same period in the prior year, the business earned ($1.75) EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts expect that The Boeing Company will post 0.37 earnings per share for the current fiscal year.

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.