Royal Fund Management LLC Purchases Shares of 1,138 The Boeing Company (NYSE:BA)

Royal Fund Management LLC acquired a new position in The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,138 shares of the aircraft producer’s stock, valued at approximately $201,000.

Several other large investors have also made changes to their positions in the business. IMS Capital Management increased its position in Boeing by 0.4% in the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after buying an additional 62 shares during the period. Sterneck Capital Management LLC increased its position in Boeing by 2.3% during the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after acquiring an additional 66 shares during the period. Peoples Financial Services CORP. raised its stake in Boeing by 0.8% during the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares during the last quarter. GSG Advisors LLC boosted its holdings in Boeing by 4.7% in the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after purchasing an additional 67 shares during the period. Finally, Altus Wealth Group LLC boosted its holdings in Boeing by 5.7% in the 3rd quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock valued at $201,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

BA opened at $175.63 on Wednesday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59. The firm has a market cap of $108.58 billion, a PE ratio of -13.61 and a beta of 1.52. The firm’s fifty day moving average is $163.59 and its two-hundred day moving average is $164.52.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the company posted ($3.26) EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts forecast that The Boeing Company will post -16.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on BA. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Susquehanna lowered their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. TD Cowen reduced their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Citigroup reduced their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $192.21.

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.