Brookstone Capital Management Has $3.32 Million Holdings in The Boeing Company (NYSE:BA)


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Brookstone Capital Management boosted its position in The Boeing Company (NYSE:BA) by 262.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,524 shares of the aircraft producer’s stock after buying an additional 11,238 shares during the quarter. Brookstone Capital Management’s holdings in The Boeing were worth $3,323,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Ironwood Investment Counsel LLC grew its stake in The Boeing by 2.3% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 2,512 shares of the aircraft producer’s stock valued at $415,000 after buying an additional 56 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its position in The Boeing by 3.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 1,912 shares of the aircraft producer’s stock valued at $316,000 after acquiring an additional 58 shares in the last quarter. Aurum Wealth Management Group LLC increased its position in The Boeing by 3.5% in the 3rd quarter. Aurum Wealth Management Group LLC now owns 1,784 shares of the aircraft producer’s stock valued at $295,000 after acquiring an additional 60 shares in the last quarter. Curbstone Financial Management Corp increased its position in The Boeing by 2.0% in the 3rd quarter. Curbstone Financial Management Corp now owns 3,314 shares of the aircraft producer’s stock valued at $548,000 after acquiring an additional 64 shares in the last quarter. Finally, South State CORP. increased its position in The Boeing by 1.3% in the 3rd quarter. South State CORP. now owns 4,823 shares of the aircraft producer’s stock valued at $798,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 51.41% of the company’s stock.

Shares of BA opened at $207.21 on Thursday. The Boeing Company has a twelve month low of $89.00 and a twelve month high of $349.95. The firm’s 50 day moving average price is $219.71 and its two-hundred day moving average price is $183.25. The firm has a market cap of $116.98 billion, a P/E ratio of -26.26, a PEG ratio of 111.95 and a beta of 1.65.

The Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 28th. The aircraft producer reported ($1.39) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($2.33) by $0.94. The company had revenue of $14.14 billion during the quarter, compared to the consensus estimate of $13.81 billion. As a group, research analysts forecast that The Boeing Company will post -8.95 EPS for the current year.

BA has been the subject of several research reports. Wolfe Research cut shares of The Boeing from a “peer perform” rating to an “underperform” rating in a research report on Friday, December 4th. Jefferies Financial Group lifted their price target on shares of The Boeing from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, December 9th. Redburn Partners reiterated a “sell” rating on shares of The Boeing in a research report on Thursday, December 17th. CSFB lifted their price target on shares of The Boeing from $154.00 to $184.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 6th. Finally, Benchmark lowered their price target on shares of The Boeing from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. Eight investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The Boeing has a consensus rating of “Hold” and an average price target of $221.75.

About The Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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