The Boeing Company (NYSE:BA) Holdings Raised by Zhang Financial LLC

Zhang Financial LLC grew its position in The Boeing Company (NYSE:BA) by 21.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,590 shares of the aircraft producer’s stock after acquiring an additional 279 shares during the quarter. Zhang Financial LLC’s holdings in Boeing were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Trust Co. of Vermont increased its holdings in Boeing by 1.0% in the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after purchasing an additional 45 shares during the last quarter. Benchmark Financial Wealth Advisors LLC increased its holdings in Boeing by 2.7% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after purchasing an additional 47 shares during the last quarter. Waverly Advisors LLC increased its holdings in Boeing by 0.6% in the fourth quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock valued at $1,527,000 after purchasing an additional 49 shares during the last quarter. WealthPlan Investment Management LLC increased its holdings in Boeing by 1.0% in the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after purchasing an additional 49 shares during the last quarter. Finally, RB Capital Management LLC increased its holdings in Boeing by 2.7% in the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after purchasing an additional 50 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

BA stock opened at $169.84 on Friday. The business has a 50-day moving average of $190.29 and a 200-day moving average of $207.16. The Boeing Company has a fifty-two week low of $167.53 and a fifty-two week high of $267.54. The stock has a market capitalization of $103.63 billion, a P/E ratio of -46.15, a P/E/G ratio of 134.80 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period last year, the company posted ($1.75) earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts expect that The Boeing Company will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BA shares. Morgan Stanley decreased their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Benchmark reissued a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. Edward Jones cut Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Stifel Nicolaus decreased their target price on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada decreased their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $229.35.

Boeing Company 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.