Revolve Wealth Partners LLC Takes Position in The Boeing Company (NYSE:BA)

Revolve Wealth Partners LLC bought 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. The fund bought 1,136 shares of the aircraft producer’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BA. State Street Corp raised its holdings in shares of Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after acquiring an additional 636,594 shares during the period. Geode Capital Management LLC grew its position in Boeing by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock worth $1,774,705,000 after purchasing an additional 320,415 shares in the last quarter. Jennison Associates LLC raised its stake in Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after purchasing an additional 602,143 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Boeing by 6.0% in the third quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer’s stock valued at $739,957,000 after purchasing an additional 277,350 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Boeing by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock worth $486,018,000 after buying an additional 48,637 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Up 1.5 %

Shares of BA stock opened at $177.79 on Wednesday. The firm has a market cap of $109.91 billion, a PE ratio of -13.78 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63. The company’s fifty day simple moving average is $167.04 and its 200-day simple moving average is $164.23.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the company earned ($0.47) EPS. On average, equities analysts predict that The Boeing Company will post -16.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BA. Susquehanna dropped their price target on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Robert W. Baird lowered their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Morgan Stanley cut their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.11.

Boeing 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.