The Boeing Company (NYSE:BA) Shares Acquired by White Pine Capital LLC

White Pine Capital LLC grew its stake in The Boeing Company (NYSE:BA) by 32.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,513 shares of the aircraft producer’s stock after buying an additional 2,315 shares during the quarter. White Pine Capital LLC’s holdings in Boeing were worth $1,684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. DT Investment Partners LLC raised its holdings in Boeing by 6.1% in the 4th quarter. DT Investment Partners LLC now owns 1,225 shares of the aircraft producer’s stock worth $217,000 after purchasing an additional 70 shares during the period. Littlejohn Financial Services Inc. acquired a new position in Boeing in the 4th quarter worth about $282,000. Palacios Wealth Management LLC acquired a new position in Boeing in the 4th quarter worth about $237,000. Bogart Wealth LLC raised its holdings in Boeing by 47.1% in the 4th quarter. Bogart Wealth LLC now owns 1,876 shares of the aircraft producer’s stock worth $332,000 after purchasing an additional 601 shares during the period. Finally, Catalyst Financial Partners LLC raised its holdings in Boeing by 18.7% in the 4th quarter. Catalyst Financial Partners LLC now owns 1,794 shares of the aircraft producer’s stock worth $318,000 after purchasing an additional 283 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BA. Susquehanna upped their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Morgan Stanley cut their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Wells Fargo & Company boosted their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Stock Performance

BA opened at $185.75 on Friday. The Boeing Company has a one year low of $137.03 and a one year high of $208.10. The stock has a market capitalization of $139.33 billion, a PE ratio of -10.14 and a beta of 1.52. The business’s 50 day moving average price is $173.77 and its 200 day moving average price is $164.10.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the business posted ($0.47) earnings per share. As a group, equities research analysts forecast that The Boeing Company will post -2.3 earnings per share for the current fiscal 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.