The Boeing Company (NYSE:BA) Position Increased by Stratos Investment Management LLC

Stratos Investment Management LLC raised its position in shares of The Boeing Company (NYSE:BA) by 16.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,958 shares of the aircraft producer’s stock after buying an additional 547 shares during the period. Stratos Investment Management LLC’s holdings in Boeing were worth $701,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Yousif Capital Management LLC lifted its position in shares of Boeing by 20.3% in the fourth quarter. Yousif Capital Management LLC now owns 80,546 shares of the aircraft producer’s stock worth $14,257,000 after purchasing an additional 13,586 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Boeing by 26.5% in the fourth quarter. Retirement Systems of Alabama now owns 161,857 shares of the aircraft producer’s stock worth $28,649,000 after purchasing an additional 33,932 shares in the last quarter. Sargent Investment Group LLC purchased a new stake in shares of Boeing in the fourth quarter worth approximately $214,000. Old North State Wealth Management LLC lifted its position in shares of Boeing by 2.0% in the fourth quarter. Old North State Wealth Management LLC now owns 20,157 shares of the aircraft producer’s stock worth $3,568,000 after purchasing an additional 400 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its position in shares of Boeing by 176.2% in the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 892 shares of the aircraft producer’s stock worth $158,000 after purchasing an additional 569 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BA. TD Cowen reduced their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday, October 15th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Robert W. Baird dropped their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Morgan Stanley dropped their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Boeing Trading Up 3.2 %

BA opened at $181.80 on Thursday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $213.77. The stock has a market capitalization of $112.39 billion, a price-to-earnings ratio of -9.92 and a beta of 1.52. The business has a 50 day moving average of $170.47 and a 200-day moving average of $164.00.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the company earned ($0.47) earnings per share. Equities analysts predict that The Boeing Company will post -2.12 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.