EWG Elevate Inc. Takes Position in The Boeing Company (NYSE:BA)

EWG Elevate Inc. purchased a new position in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,790 shares of the aircraft producer’s stock, valued at approximately $848,000.

A number of other large investors also recently bought and sold shares of the business. IMS Capital Management lifted its stake in Boeing by 0.4% in the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after acquiring an additional 62 shares during the period. Sterneck Capital Management LLC lifted its position in shares of Boeing by 2.3% in the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after purchasing an additional 66 shares during the period. Peoples Financial Services CORP. boosted its stake in shares of Boeing by 0.8% during the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares in the last quarter. Altus Wealth Group LLC raised its stake in Boeing by 5.7% in the third quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock worth $201,000 after buying an additional 71 shares in the last quarter. Finally, Hancock Whitney Corp lifted its holdings in Boeing by 1.0% during the second quarter. Hancock Whitney Corp now owns 7,582 shares of the aircraft producer’s stock worth $1,380,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on BA shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Robert W. Baird lowered their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group reduced their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Stock Performance

BA stock opened at $172.08 on Monday. The firm has a market cap of $106.38 billion, a P/E ratio of -13.34 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $228.28. The stock has a 50-day simple moving average of $161.39 and a 200-day simple moving average of $165.16.

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

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.