Sand Hill Global Advisors LLC Has $9.85 Million Stock Holdings in The Boeing Company (NYSE:BA)

Sand Hill Global Advisors LLC grew its holdings in The Boeing Company (NYSE:BA) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,788 shares of the aircraft producer’s stock after acquiring an additional 248 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in Boeing were worth $9,850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. Evolution Advisers Inc. bought a new position in Boeing in the fourth quarter worth $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Boeing in the 4th quarter valued at $28,000. Naples Money Management LLC bought a new stake in shares of Boeing in the 4th quarter worth about $44,000. M&R Capital Management Inc. increased its position in shares of Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 50 shares in the last quarter. Finally, Keener Financial Planning LLC bought a new position in Boeing during the 4th quarter valued at about $52,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on BA. Susquehanna restated a “positive” rating and set a $230.00 price target on shares of Boeing in a research report on Wednesday, May 15th. Wells Fargo & Company reduced their price objective on Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 1st. Stifel Nicolaus reissued a “buy” rating and issued a $240.00 price objective on shares of Boeing in a research note on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, Melius reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Boeing has a consensus rating of “Hold” and an average target price of $221.24.

Boeing Trading Up 0.8 %

Shares of BA traded up $1.50 during mid-day trading on Wednesday, reaching $186.28. The company’s stock had a trading volume of 3,766,746 shares, compared to its average volume of 9,087,289. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The stock has a market cap of $114.35 billion, a P/E ratio of -52.27 and a beta of 1.54. The business has a 50-day simple moving average of $179.28 and a two-hundred day simple moving average of $205.93.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. Research analysts anticipate that The Boeing Company will post -0.6 EPS 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.