The Boeing Company (NYSE:BA) Shares Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. raised its holdings in shares of The Boeing Company (NYSE:BA) by 14.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,683 shares of the aircraft producer’s stock after acquiring an additional 3,540 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Boeing were worth $7,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Strategic Blueprint LLC increased its holdings in Boeing by 8.7% during the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after acquiring an additional 264 shares in the last quarter. Orca Investment Management LLC increased its holdings in Boeing by 5.5% during the 4th quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after acquiring an additional 195 shares in the last quarter. Morse Asset Management Inc increased its holdings in Boeing by 65.0% during the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after acquiring an additional 3,152 shares in the last quarter. Peregrine Asset Advisers Inc. increased its holdings in Boeing by 1,335.3% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock valued at $6,985,000 after acquiring an additional 33,904 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Boeing by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 1,037,044 shares of the aircraft producer’s stock valued at $198,781,000 after acquiring an additional 19,847 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

BA stock traded up $3.61 during midday trading on Wednesday, reaching $171.45. 6,194,940 shares of the company’s stock traded hands, compared to its average volume of 9,674,300. The company has a market capitalization of $105.25 billion, a P/E ratio of -47.57 and a beta of 1.52. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The business has a 50-day moving average price of $185.21 and a two-hundred day moving average price of $206.38.

Boeing (NYSE:BA) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $21.14 billion. During the same period last year, the firm earned ($1.75) earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, research analysts forecast that The Boeing Company will post -0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BA shares. Wells Fargo & Company lowered their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a report on Thursday, February 1st. Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus lowered their price target on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Sanford C. Bernstein lowered their target price on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $222.41.

About Boeing

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.