The Boeing Company (NYSE:BA) Shares Acquired by Vivaldi Capital Management LP

Vivaldi Capital Management LP grew its stake in The Boeing Company (NYSE:BA) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,670 shares of the aircraft producer’s stock after purchasing an additional 553 shares during the quarter. Vivaldi Capital Management LP’s holdings in Boeing were worth $1,739,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of BA. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Boeing during the 4th quarter valued at about $26,000. Evolution Advisers Inc. bought a new position in Boeing in the 4th quarter worth about $28,000. DiNuzzo Private Wealth Inc. bought a new position in Boeing in the 4th quarter worth about $28,000. Naples Money Management LLC bought a new position in Boeing in the 4th quarter worth about $44,000. Finally, Frank Rimerman Advisors LLC bought a new position in Boeing in the 4th quarter worth about $48,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Stifel Nicolaus restated a “buy” rating and issued a $240.00 target price on shares of Boeing in a research report on Wednesday, May 15th. Sanford C. Bernstein decreased their price objective on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Finally, Susquehanna reiterated a “positive” rating and issued a $230.00 price objective on shares of Boeing in a report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average price target of $220.33.

Boeing Price Performance

Boeing stock traded down $4.65 during midday trading on Tuesday, reaching $185.47. The stock had a trading volume of 5,003,526 shares, compared to its average volume of 8,800,767. The firm’s fifty day simple moving average is $177.66 and its two-hundred day simple moving average is $203.31. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The firm has a market cap of $113.86 billion, a price-to-earnings ratio of -52.25 and a beta of 1.55.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. As a group, sell-side analysts predict that The Boeing Company will post -1.33 EPS for the current fiscal year.

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.