The Boeing Company (NYSE:BA) Stake Boosted by FLC Capital Advisors

FLC Capital Advisors increased its position in shares of The Boeing Company (NYSE:BA) by 42.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,380 shares of the aircraft producer’s stock after purchasing an additional 1,614 shares during the quarter. FLC Capital Advisors’ holdings in Boeing were worth $1,402,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Verum Partners LLC bought a new stake in Boeing in the fourth quarter valued at $213,000. Buckley Wealth Management LLC bought a new stake in shares of Boeing during the fourth quarter valued at about $222,000. Pettinga Financial Advisors LLC bought a new stake in shares of Boeing during the fourth quarter valued at about $218,000. Kaizen Financial Strategies bought a new stake in shares of Boeing during the fourth quarter valued at about $521,000. Finally, Moisand Fitzgerald Tamayo LLC raised its stake in shares of Boeing by 106.9% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 662 shares of the aircraft producer’s stock valued at $173,000 after purchasing an additional 342 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BA shares. Morgan Stanley restated an “equal weight” rating and set a $235.00 price objective on shares of Boeing in a research note on Monday. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday. The Goldman Sachs Group cut their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research note on Monday. Susquehanna lowered their target price on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Finally, Northcoast Research lowered Boeing from a “buy” rating to a “neutral” rating in a report on Friday, February 23rd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $242.65.

Boeing Trading Up 2.4 %

NYSE BA traded up $4.46 during trading on Wednesday, reaching $191.96. 7,362,382 shares of the company’s stock were exchanged, compared to its average volume of 10,518,623. The Boeing Company has a fifty-two week low of $176.25 and a fifty-two week high of $267.54. The firm has a market capitalization of $117.12 billion, a PE ratio of -51.89, a P/E/G ratio of 30.94 and a beta of 1.52. The company’s fifty day simple moving average is $200.81 and its 200-day simple moving average is $209.96.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the business posted ($1.75) earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year. Equities analysts forecast that The Boeing Company will post 1.55 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.