The Boeing Company (NYSE:BA) Holdings Increased by Burney Co.

Burney Co. increased its stake in The Boeing Company (NYSE:BA) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,463 shares of the aircraft producer’s stock after acquiring an additional 180 shares during the period. Burney Co.’s holdings in Boeing were worth $1,321,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BA. Apella Capital LLC increased its position in shares of Boeing by 9.4% during the 4th quarter. Apella Capital LLC now owns 8,672 shares of the aircraft producer’s stock valued at $1,535,000 after purchasing an additional 744 shares during the period. Park Avenue Securities LLC grew its holdings in Boeing by 23.7% during the fourth quarter. Park Avenue Securities LLC now owns 11,486 shares of the aircraft producer’s stock worth $2,033,000 after acquiring an additional 2,202 shares during the period. Kathmere Capital Management LLC raised its position in Boeing by 28.5% in the fourth quarter. Kathmere Capital Management LLC now owns 1,923 shares of the aircraft producer’s stock worth $340,000 after acquiring an additional 426 shares in the last quarter. SS&H Financial Advisors Inc. lifted its holdings in Boeing by 7.3% in the 4th quarter. SS&H Financial Advisors Inc. now owns 8,280 shares of the aircraft producer’s stock valued at $1,466,000 after acquiring an additional 560 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its position in shares of Boeing by 15.1% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,860 shares of the aircraft producer’s stock valued at $506,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $168.91 on Friday. The company has a market capitalization of $104.42 billion, a P/E ratio of -13.09 and a beta of 1.52. The stock’s 50 day moving average price is $162.40 and its 200 day moving average price is $164.98. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($3.26) EPS. As a group, sell-side analysts forecast that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on BA shares. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Finally, Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

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.