IMS Capital Management Has $3.08 Million Stock Holdings in The Boeing Company (NYSE:BA)

IMS Capital Management grew its stake in shares of The Boeing Company (NYSE:BA) by 8.4% during the 4th quarter, Holdings Channel reports. The firm owned 17,377 shares of the aircraft producer’s stock after buying an additional 1,345 shares during the period. Boeing comprises about 1.4% of IMS Capital Management’s investment portfolio, making the stock its 16th biggest position. IMS Capital Management’s holdings in Boeing were worth $3,076,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new position in Boeing during the fourth quarter worth about $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 position in shares of Boeing during the 4th quarter worth approximately $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the 3rd quarter worth approximately $30,000. Finally, Heck Capital Advisors LLC bought a new stake in Boeing in the 4th quarter valued at $33,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on BA. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Morgan Stanley decreased their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, Susquehanna lifted their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Down 0.3 %

BA stock opened at $185.75 on Friday. The company’s 50-day moving average price is $173.77 and its two-hundred day moving average price is $164.10. The firm has a market cap of $139.33 billion, a P/E ratio of -10.14 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) EPS. Equities analysts predict that The Boeing Company will post -2.3 EPS for the current year.

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.