R Squared Ltd bought a new position in The Boeing Company (NYSE:BA – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,090 shares of the aircraft producer’s stock, valued at approximately $193,000.
A number of other institutional investors have also recently modified their holdings of BA. Sugar Maple Asset Management LLC bought a new position in Boeing in the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the third quarter worth approximately $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing during the third quarter valued at approximately $30,000. Planning Capital Management Corp increased its position in shares of Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares in the last quarter. Finally, Albion Financial Group UT raised its holdings in Boeing by 116.1% in the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after acquiring an additional 159 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have commented on the company. Robert W. Baird cut their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup dropped their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Susquehanna boosted their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.00.
Boeing Trading Down 2.1 %
Boeing stock opened at $174.03 on Thursday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $214.63. The firm has a market capitalization of $107.58 billion, a price-to-earnings ratio of -13.49 and a beta of 1.52. The firm has a 50 day moving average of $167.68 and a 200 day moving average of $164.19.
Boeing (NYSE:BA – Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the firm earned ($0.47) EPS. On average, analysts predict that The Boeing Company will post -16.39 EPS for the current 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.
Featured Stories
- Five stocks we like better than Boeing
- About the Markup Calculator
- Coinbase Gains Momentum on App Store—What It Means for the Stock
- What is the Nikkei 225 index?
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- Overbought Stocks Explained: Should You Trade Them?
- 3 Steel Stocks Soaring After Tariff Announcements
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA – Free Report).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.