The Boeing Company (NYSE:BA) Shares Purchased by Strong Tower Advisory Services

Strong Tower Advisory Services raised its position in The Boeing Company (NYSE:BA) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,638 shares of the aircraft producer’s stock after acquiring an additional 341 shares during the quarter. Boeing accounts for about 2.6% of Strong Tower Advisory Services’ investment portfolio, making the stock its 13th largest holding. Strong Tower Advisory Services’ holdings in Boeing were worth $5,901,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Bollard Group LLC boosted its holdings in shares of Boeing by 10.6% during the second quarter. Bollard Group LLC now owns 469 shares of the aircraft producer’s stock worth $99,000 after purchasing an additional 45 shares during the period. Trust Co. of Vermont boosted its stake in shares of Boeing by 1.0% during the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after buying an additional 45 shares during the period. Waverly Advisors LLC grew its holdings in shares of Boeing by 0.6% during the 4th quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock valued at $1,527,000 after acquiring an additional 49 shares in the last quarter. WealthPlan Investment Management LLC increased its stake in shares of Boeing by 1.0% in the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after acquiring an additional 49 shares during the last quarter. Finally, Graves Light Lenhart Wealth Inc. raised its holdings in shares of Boeing by 3.4% during the second quarter. Graves Light Lenhart Wealth Inc. now owns 1,540 shares of the aircraft producer’s stock worth $325,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.5 %

Shares of BA stock opened at $192.83 on Friday. The stock has a 50 day moving average of $200.59 and a 200-day moving average of $209.84. The firm has a market cap of $117.65 billion, a PE ratio of -52.40, a price-to-earnings-growth ratio of 30.31 and a beta of 1.52. The Boeing Company has a 12 month low of $176.25 and a 12 month high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same period last year, the company earned ($1.75) earnings per share. Boeing’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities analysts predict that The Boeing Company will post 1.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on BA. JPMorgan Chase & Co. dropped their target price on Boeing from $270.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday. The Goldman Sachs Group cut their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday. TD Cowen decreased their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday. Citigroup cut their price target on shares of Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday. Finally, UBS Group decreased their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.53.

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.