Certuity LLC Purchases 1,267 Shares of The Boeing Company (NYSE:BA)

Certuity LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 57.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,484 shares of the aircraft producer’s stock after purchasing an additional 1,267 shares during the period. Certuity LLC’s holdings in Boeing were worth $908,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Blueprint LLC lifted 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 worth $859,000 after buying an additional 264 shares during the period. Orca Investment Management LLC lifted its stake in shares of Boeing by 5.5% in the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after acquiring an additional 195 shares during the period. Morse Asset Management Inc boosted its holdings in Boeing by 65.0% in the third 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 during the last quarter. Peregrine Asset Advisers Inc. increased its position 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 purchasing an additional 33,904 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of Boeing by 2.0% in the 3rd quarter. California Public Employees Retirement System now owns 1,037,044 shares of the aircraft producer’s stock worth $198,781,000 after purchasing an additional 19,847 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein lowered their target price on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Deutsche Bank Aktiengesellschaft reduced 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. Susquehanna dropped their price objective on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Royal Bank of Canada cut their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Finally, Melius reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Boeing has a consensus rating of “Hold” and a consensus target price of $222.41.

Boeing Stock Down 3.3 %

NYSE BA opened at $167.84 on Wednesday. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The firm’s 50-day simple moving average is $185.21 and its two-hundred day simple moving average is $206.38.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same period in the previous year, the business earned ($1.75) earnings per share. Boeing’s 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 EPS for the current fiscal year.

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.