The Boeing Company (NYSE:BA) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. boosted its position in The Boeing Company (NYSE:BA) by 89.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,635 shares of the aircraft producer’s stock after purchasing an additional 4,076 shares during the period. Benjamin Edwards Inc.’s holdings in Boeing were worth $2,251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont increased its position in Boeing by 1.0% in the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after acquiring an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC raised its position in shares of Boeing by 2.7% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after buying an additional 47 shares in the last quarter. WealthPlan Investment Management LLC raised its holdings in Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after purchasing an additional 49 shares in the last quarter. RB Capital Management LLC lifted its position in Boeing by 2.7% in the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after purchasing an additional 50 shares during the period. Finally, M&R Capital Management Inc. lifted its position in Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 50 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of NYSE BA traded up $5.90 during mid-day trading on Thursday, reaching $177.36. The company had a trading volume of 6,419,935 shares, compared to its average volume of 9,633,106. The company has a market capitalization of $108.88 billion, a price-to-earnings ratio of -49.31 and a beta of 1.54. The stock has a fifty day moving average of $184.61 and a two-hundred day moving average of $206.14. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Boeing (NYSE:BA) last released its 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 analysts’ expectations of $21.14 billion. During the same quarter in the previous year, the company earned ($1.75) EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. Sell-side analysts forecast that The Boeing Company will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America dropped their price objective on Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Morgan Stanley cut their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. TD Cowen lowered their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Melius reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, Edward Jones lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $222.41.

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.