Callan Capital LLC Boosts Holdings in The Boeing Company (NYSE:BA)

Callan Capital LLC boosted its position in shares of The Boeing Company (NYSE:BA) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,259 shares of the aircraft producer’s stock after acquiring an additional 124 shares during the period. Callan Capital LLC’s holdings in Boeing were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CNB Bank increased its stake in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Evolution Advisers Inc. purchased a new position in Boeing during the fourth quarter valued at $28,000. Lowe Wealth Advisors LLC purchased a new position in Boeing during the third quarter valued at $43,000. Naples Money Management LLC purchased a new position in Boeing during the fourth quarter valued at $44,000. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in Boeing by 66.2% during the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after purchasing an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA stock traded up $0.45 during trading on Friday, reaching $167.26. The company’s stock had a trading volume of 7,199,501 shares, compared to its average volume of 9,757,903. The company has a market capitalization of $102.05 billion, a price-to-earnings ratio of -47.12, a P/E/G ratio of 130.13 and a beta of 1.52. The stock’s 50-day moving average price is $186.53 and its 200 day moving average price is $206.46. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted ($1.75) EPS. On average, sell-side analysts anticipate that The Boeing Company will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BA shares. JPMorgan Chase & Co. decreased their price target 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. Morgan Stanley decreased their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Stifel Nicolaus decreased their price target 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. Susquehanna decreased their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research note on Thursday, March 21st. Finally, UBS Group decreased their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $222.41.

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.