2,345 Shares in The Boeing Company (NYSE:BA) Bought by Eos Management L.P.

Eos Management L.P. purchased a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,345 shares of the aircraft producer’s stock, valued at approximately $611,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. increased its holdings in Boeing by 81.0% during the third quarter. GHP Investment Advisors Inc. now owns 1,788 shares of the aircraft producer’s stock worth $331,000 after buying an additional 800 shares during the last quarter. Strategic Blueprint LLC raised its holdings in shares of Boeing by 24.4% in the 3rd quarter. Strategic Blueprint LLC now owns 3,031 shares of the aircraft producer’s stock valued at $581,000 after purchasing an additional 595 shares during the period. Secure Asset Management LLC lifted its stake in Boeing by 20.5% in the 3rd quarter. Secure Asset Management LLC now owns 1,709 shares of the aircraft producer’s stock valued at $328,000 after purchasing an additional 291 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Boeing by 2.0% during the third quarter. Asset Management One Co. Ltd. now owns 303,662 shares of the aircraft producer’s stock worth $58,206,000 after purchasing an additional 5,888 shares during the period. Finally, MBM Wealth Consultants LLC increased its position in Boeing by 7.8% during the third quarter. MBM Wealth Consultants LLC now owns 4,864 shares of the aircraft producer’s stock worth $899,000 after buying an additional 350 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Up 0.3 %

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

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The business’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) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post 0.32 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a report on Thursday, February 1st. The Goldman Sachs Group lowered their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. UBS Group reduced their price objective on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, TD Cowen dropped their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.