Key Financial Inc Purchases 3,000 Shares of The Boeing Company (NYSE:BA)

Key Financial Inc raised its stake in shares of The Boeing Company (NYSE:BA) by 60.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,992 shares of the aircraft producer’s stock after acquiring an additional 3,000 shares during the quarter. Key Financial Inc’s holdings in Boeing were worth $2,083,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Trust Co. of Vermont lifted its holdings in shares of Boeing by 1.0% during 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 in the last quarter. Benchmark Financial Wealth Advisors LLC lifted its holdings in Boeing by 2.7% in 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. Waverly Advisors LLC lifted its holdings in Boeing by 0.6% in the 4th quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock worth $1,527,000 after buying an additional 49 shares in the last quarter. WealthPlan Investment Management LLC lifted its holdings in Boeing by 1.0% in the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after buying an additional 49 shares in the last quarter. Finally, RB Capital Management LLC lifted its holdings in Boeing by 2.7% in the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after buying an additional 50 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.2 %

NYSE BA traded down $0.34 on Wednesday, hitting $170.21. The stock had a trading volume of 8,148,813 shares, compared to its average volume of 9,830,337. The company’s 50-day moving average is $192.69 and its two-hundred day moving average is $207.80. The stock has a market cap of $103.85 billion, a price-to-earnings ratio of -46.08, a P/E/G ratio of 114.53 and a beta of 1.52. The Boeing Company has a one year low of $167.53 and a one year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business earned ($1.75) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post 0.37 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley cut their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. JPMorgan Chase & Co. cut their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Bank of America cut their target price on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Stifel Nicolaus cut their target price on shares of Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Finally, Northcoast Research lowered shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $229.35.

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.