The Boeing Company (NYSE:BA) is Capital Planning LLC’s 5th Largest Position

Capital Planning LLC decreased its holdings in The Boeing Company (NYSE:BA) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,055 shares of the aircraft producer’s stock after selling 476 shares during the quarter. Boeing accounts for approximately 5.4% of Capital Planning LLC’s holdings, making the stock its 5th biggest position. Capital Planning LLC’s holdings in Boeing were worth $15,133,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Rothschild Investment LLC IL increased its position in shares of Boeing by 21.1% during the 3rd quarter. Rothschild Investment LLC IL now owns 75,101 shares of the aircraft producer’s stock valued at $14,395,000 after purchasing an additional 13,079 shares during the last quarter. Meridian Wealth Management LLC increased its position in shares of Boeing by 86.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 24,776 shares of the aircraft producer’s stock valued at $4,749,000 after purchasing an additional 11,510 shares during the last quarter. Morse Asset Management Inc increased its position in shares of Boeing by 65.0% during the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after purchasing an additional 3,152 shares during the last quarter. Peregrine Asset Advisers Inc. increased its position in shares of Boeing by 1,335.3% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock valued at $6,985,000 after purchasing an additional 33,904 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Boeing by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 1,037,044 shares of the aircraft producer’s stock valued at $198,781,000 after purchasing an additional 19,847 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 1.8 %

BA traded down $3.48 during trading on Monday, reaching $189.51. The company had a trading volume of 5,103,161 shares, compared to its average volume of 10,333,923. The stock has a market cap of $115.63 billion, a P/E ratio of -51.49, a PEG ratio of 48.46 and a beta of 1.52. The business has a 50 day simple moving average of $199.78 and a 200-day simple moving average of $209.59. The Boeing Company has a 52 week low of $176.25 and a 52 week high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.75) earnings per share. As a group, equities research analysts expect that The Boeing Company will post 1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BA. William Blair assumed coverage on shares of Boeing in a research report on Tuesday, December 12th. They set an “outperform” rating for the company. Bank of America reduced their target price on shares of Boeing from $225.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Melius Research reissued a “hold” rating on shares of Boeing in a report on Monday. Barclays increased their target price on shares of Boeing from $210.00 to $235.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 6th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $235.00 target price on shares of Boeing in a report on Monday, March 25th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $241.53.

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.