Cromwell Holdings LLC Acquires 935 Shares of The Boeing Company (NYSE:BA)

Cromwell Holdings LLC boosted its holdings in The Boeing Company (NYSE:BA) by 76.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,158 shares of the aircraft producer’s stock after acquiring an additional 935 shares during the period. Cromwell Holdings LLC’s holdings in Boeing were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. ING Groep NV raised its position in shares of Boeing by 179.1% in the fourth quarter. ING Groep NV now owns 214,367 shares of the aircraft producer’s stock valued at $37,943,000 after purchasing an additional 137,554 shares during the period. Zullo Investment Group Inc. grew its stake in Boeing by 2.4% in the 4th quarter. Zullo Investment Group Inc. now owns 5,602 shares of the aircraft producer’s stock valued at $992,000 after buying an additional 130 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in Boeing by 9.7% in the 4th quarter. Concurrent Investment Advisors LLC now owns 22,666 shares of the aircraft producer’s stock valued at $4,012,000 after acquiring an additional 2,000 shares during the period. Advyzon Investment Management LLC acquired a new stake in Boeing during the fourth quarter worth approximately $769,000. Finally, Sunpointe LLC bought a new stake in shares of Boeing during the fourth quarter worth approximately $318,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BA shares. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Robert W. Baird lowered their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Citigroup raised their price target on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, UBS Group boosted their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Performance

Shares of BA stock opened at $180.77 on Friday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10. The company has a market cap of $135.59 billion, a PE ratio of -9.87 and a beta of 1.52. The stock’s fifty day moving average price is $176.58 and its two-hundred day moving average price is $164.32.

Boeing (NYSE:BA) last released 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 quarter last year, the business earned ($0.47) earnings per share. On average, equities analysts predict that The Boeing Company will post -2.32 EPS for the current fiscal year.

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.