The Boeing Company (NYSE:BA) Stock Holdings Increased by Tufton Capital Management

Tufton Capital Management lifted its stake in The Boeing Company (NYSE:BA) by 4.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,015 shares of the aircraft producer’s stock after acquiring an additional 135 shares during the quarter. Tufton Capital Management’s holdings in Boeing were worth $786,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Boeing by 0.8% in the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after purchasing an additional 356,496 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in Boeing by 109,667.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after acquiring an additional 16,041,103 shares in the last quarter. Morgan Stanley raised its position in Boeing by 1.1% during the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after acquiring an additional 91,801 shares in the last quarter. Nuveen Asset Management LLC raised its position in Boeing by 7.9% during the second quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer’s stock valued at $1,309,361,000 after acquiring an additional 452,721 shares in the last quarter. Finally, Northern Trust Corp raised its position in Boeing by 3.2% during the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock valued at $949,042,000 after acquiring an additional 153,168 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Up 0.6 %

Shares of BA traded up $0.97 on Thursday, hitting $171.18. The company’s stock had a trading volume of 2,135,321 shares, compared to its average volume of 9,727,537. The firm’s fifty day moving average price is $191.86 and its 200-day moving average price is $207.54. The Boeing Company has a fifty-two week low of $167.53 and a fifty-two week high of $267.54. The firm has a market capitalization of $104.44 billion, a price-to-earnings ratio of -46.73, a P/E/G ratio of 116.39 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 for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period last year, the company earned ($1.75) EPS. The company’s revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts predict that The Boeing Company will post 0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Melius Research reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. The Goldman Sachs Group lowered their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Susquehanna lowered their price objective on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research note on Thursday, March 21st. TD Cowen lowered their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Finally, Melius reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $229.35.

Boeing Company 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.