Burns J W & Co. Inc. NY Has $2.11 Million Stake in The Boeing Company (NYSE:BA)

Burns J W & Co. Inc. NY lifted its stake in The Boeing Company (NYSE:BA) by 131.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,932 shares of the aircraft producer’s stock after purchasing an additional 6,777 shares during the period. Burns J W & Co. Inc. NY’s holdings in Boeing were worth $2,112,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Boeing by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock valued at $8,189,000 after acquiring an additional 7,739 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Boeing by 325.4% in the second quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock valued at $55,000 after buying an additional 231 shares during the period. Zions Bancorporation N.A. raised its position in shares of Boeing by 87.0% in the 2nd quarter. Zions Bancorporation N.A. now owns 836 shares of the aircraft producer’s stock valued at $152,000 after acquiring an additional 389 shares during the period. Westover Capital Advisors LLC bought a new position in Boeing during the 2nd quarter worth approximately $348,000. Finally, Thoroughbred Financial Services LLC grew its holdings in Boeing by 5.1% during the second quarter. Thoroughbred Financial Services LLC now owns 10,803 shares of the aircraft producer’s stock valued at $1,966,000 after purchasing an additional 520 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.8 %

Shares of BA traded down $1.44 during midday trading on Monday, hitting $170.56. The company’s stock had a trading volume of 6,002,546 shares, compared to its average volume of 8,543,108. The Boeing Company has a one year low of $137.03 and a one year high of $217.59. The stock has a market capitalization of $105.44 billion, a price-to-earnings ratio of -13.22 and a beta of 1.52. The company’s fifty day simple moving average is $161.39 and its two-hundred day simple moving average is $165.16.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned ($3.26) earnings per share. On average, research analysts predict that The Boeing Company will post -16.18 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Wells Fargo & Company lowered their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. The Goldman Sachs Group cut their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Finally, TD Cowen reduced their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

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.