Willis Johnson & Associates Inc. Has $377,000 Stock Position in The Boeing Company (NYSE:BA)

Willis Johnson & Associates Inc. lowered its holdings in The Boeing Company (NYSE:BA) by 6.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,070 shares of the aircraft producer’s stock after selling 141 shares during the quarter. Willis Johnson & Associates Inc.’s holdings in Boeing were worth $377,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Brio Consultants LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $207,000. Van ECK Associates Corp lifted its position in shares of Boeing by 11.6% during the 4th quarter. Van ECK Associates Corp now owns 3,426 shares of the aircraft producer’s stock worth $893,000 after buying an additional 357 shares during the period. First National Trust Co lifted its position in shares of Boeing by 6.3% during the 4th quarter. First National Trust Co now owns 3,787 shares of the aircraft producer’s stock worth $987,000 after buying an additional 225 shares during the period. Connecticut Wealth Management LLC lifted its position in shares of Boeing by 2.1% during the 4th quarter. Connecticut Wealth Management LLC now owns 2,834 shares of the aircraft producer’s stock worth $739,000 after buying an additional 57 shares during the period. Finally, Sheets Smith Wealth Management bought a new position in Boeing in the 4th quarter valued at $593,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Bank of America boosted their target price on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Sanford C. Bernstein dropped their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Wells Fargo & Company dropped their target price on Boeing from $190.00 to $185.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Finally, Baird R W raised Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $215.18.

Boeing Stock Up 0.9 %

Shares of Boeing stock traded up $1.48 on Monday, hitting $173.74. The stock had a trading volume of 4,146,100 shares, compared to its average volume of 7,852,329. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The business’s 50 day moving average is $178.13 and its two-hundred day moving average is $181.91. The stock has a market cap of $107.05 billion, a price-to-earnings ratio of -48.94 and a beta of 1.56.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. Boeing’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.82) earnings per share. As a group, equities analysts predict that The Boeing Company will post -4.26 earnings per share for the current fiscal 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.