Brown Lisle Cummings Inc. Acquires 160 Shares of The Boeing Company (NYSE:BA)

Brown Lisle Cummings Inc. raised its stake in The Boeing Company (NYSE:BA) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,406 shares of the aircraft producer’s stock after buying an additional 160 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Boeing were worth $426,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BA. Sugar Maple Asset Management LLC bought a new stake in Boeing in the 4th quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter worth $28,000. Cedar Wealth Management LLC acquired a new position in Boeing during the third quarter worth $30,000. Finally, Heck Capital Advisors LLC bought a new position in Boeing in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 0.3 %

Shares of NYSE BA opened at $175.95 on Tuesday. The business’s 50 day moving average is $169.50 and its 200-day moving average is $164.05. The firm has a market cap of $108.77 billion, a P/E ratio of -9.60 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $213.77.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) earnings per share. Analysts forecast that The Boeing Company will post -2.12 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on BA. TD Cowen reduced their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. UBS Group increased their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a report on Tuesday, October 15th. Finally, Wells Fargo & Company boosted their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

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.