West Oak Capital LLC Makes New $442,000 Investment in The Boeing Company (NYSE:BA)

West Oak Capital LLC acquired a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,500 shares of the aircraft producer’s stock, valued at approximately $442,000.

A number of other hedge funds have also modified their holdings of BA. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the third quarter worth about $28,000. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing during the 2nd quarter worth approximately $33,000. Cedar Wealth Management LLC acquired a new stake in Boeing during the 3rd quarter valued at $30,000. Meeder Asset Management Inc. raised its position in Boeing by 325.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock valued at $55,000 after purchasing an additional 231 shares during the last quarter. Finally, Fairscale Capital LLC acquired a new position in Boeing in the second quarter worth $59,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 0.2 %

Shares of BA stock traded up $0.32 on Friday, hitting $172.08. The stock had a trading volume of 7,503,829 shares, compared to its average volume of 8,958,570. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $228.28. The company has a fifty day moving average price of $161.04 and a two-hundred day moving average price of $165.37. The firm has a market cap of $106.38 billion, a P/E ratio of -13.34 and a beta of 1.52.

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

Wall Street Analyst Weigh In

BA has been the subject of a number of research analyst reports. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. JPMorgan Chase & Co. reduced their target price 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. TD Cowen lowered 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. Jefferies Financial Group reduced their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing 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.