Parisi Gray Wealth Management lifted its stake in The Boeing Company (NYSE:BA) by 19.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,851 shares of the aircraft producer’s stock after acquiring an additional 632 shares during the period. Parisi Gray Wealth Management’s holdings in The Boeing were worth $824,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Hanlon Investment Management Inc. bought a new position in The Boeing in the 4th quarter worth approximately $205,000. Blair William & Co. IL increased its position in The Boeing by 16.9% in the 4th quarter. Blair William & Co. IL now owns 247,594 shares of the aircraft producer’s stock worth $53,000,000 after buying an additional 35,705 shares during the period. CI Investments Inc. increased its position in The Boeing by 101.9% in the 4th quarter. CI Investments Inc. now owns 133,104 shares of the aircraft producer’s stock worth $28,492,000 after buying an additional 67,178 shares during the period. Equitable Holdings Inc. increased its position in The Boeing by 11.2% in the 4th quarter. Equitable Holdings Inc. now owns 17,076 shares of the aircraft producer’s stock worth $3,655,000 after buying an additional 1,723 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in The Boeing by 5.0% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 348,697 shares of the aircraft producer’s stock worth $74,642,000 after buying an additional 16,640 shares during the period. 51.41% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on the company. Royal Bank of Canada set a $307.00 price target on The Boeing and gave the company a “buy” rating in a research note on Monday, January 4th. UBS Group restated a “buy” rating and set a $285.00 target price on shares of The Boeing in a research report on Thursday, January 28th. Nord/LB downgraded The Boeing from a “hold” rating to a “sell” rating in a research report on Thursday, January 28th. Smith Barney Citigroup boosted their target price on The Boeing from $175.00 to $200.00 in a research report on Wednesday, November 18th. Finally, Robert W. Baird upgraded The Boeing from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $165.00 to $306.00 in a report on Wednesday, November 18th. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The Boeing presently has an average rating of “Hold” and a consensus target price of $216.84.
The Boeing stock traded down $4.36 during mid-day trading on Tuesday, reaching $208.52. 87,708 shares of the company were exchanged, compared to its average volume of 12,441,048. The company has a fifty day simple moving average of $207.53 and a 200-day simple moving average of $189.66. The Boeing Company has a 12 month low of $89.00 and a 12 month high of $321.74. The firm has a market cap of $121.57 billion, a PE ratio of -26.98, a PEG ratio of 101.91 and a beta of 1.65.
The Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 26th. The aircraft producer reported ($15.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.78) by ($13.47). The business had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.36 billion. During the same quarter in the previous year, the business posted ($2.33) EPS. The Boeing’s revenue for the quarter was down 14.6% on a year-over-year basis. As a group, research analysts expect that The Boeing Company will post -9.39 EPS for the current year.
The Boeing Profile
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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