The Boeing Company (NYSE:BA) Position Increased by Jacobs & Co. CA

Jacobs & Co. CA increased its position in shares of The Boeing Company (NYSE:BA) by 6.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,470 shares of the aircraft producer’s stock after acquiring an additional 3,737 shares during the period. Jacobs & Co. CA’s holdings in Boeing were worth $11,670,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strategic Blueprint LLC raised its holdings in shares of Boeing by 8.7% during the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after acquiring an additional 264 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in Boeing by 41.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after buying an additional 4,622 shares in the last quarter. Orca Investment Management LLC raised its holdings in Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after buying an additional 195 shares in the last quarter. One Charles Private Wealth Services LLC bought a new position in Boeing during the fourth quarter valued at about $205,000. Finally, Morse Asset Management Inc raised its holdings in Boeing by 65.0% during the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after buying an additional 3,152 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Down 2.9 %

BA stock traded down $5.16 during trading on Tuesday, reaching $173.94. 2,810,135 shares of the stock were exchanged, compared to its average volume of 8,558,097. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The stock has a 50 day simple moving average of $177.75 and a 200-day simple moving average of $199.98.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. On average, research analysts anticipate that The Boeing Company will post -1.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut their target price on Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. JPMorgan Chase & Co. cut their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Royal Bank of Canada cut their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Morgan Stanley cut their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. Finally, Melius restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $220.89.

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.