The Boeing Company (NYSE:BA) Holdings Boosted by Prospect Financial Services LLC

Prospect Financial Services LLC increased its holdings in The Boeing Company (NYSE:BA) by 40.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,817 shares of the aircraft producer’s stock after buying an additional 13,432 shares during the quarter. Boeing accounts for about 4.5% of Prospect Financial Services LLC’s investment portfolio, making the stock its 4th largest position. Prospect Financial Services LLC’s holdings in Boeing were worth $8,287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Perigon Wealth Management LLC raised its stake in Boeing by 6.0% during the 4th quarter. Perigon Wealth Management LLC now owns 7,692 shares of the aircraft producer’s stock worth $1,299,000 after acquiring an additional 432 shares during the period. Next Level Private LLC raised its stake in Boeing by 21.2% during the 4th quarter. Next Level Private LLC now owns 27,412 shares of the aircraft producer’s stock worth $4,852,000 after acquiring an additional 4,791 shares during the period. Revolve Wealth Partners LLC bought a new stake in Boeing during the 4th quarter worth approximately $201,000. Diamant Asset Management Inc. raised its stake in Boeing by 7.4% during the 4th quarter. Diamant Asset Management Inc. now owns 4,375 shares of the aircraft producer’s stock worth $774,000 after acquiring an additional 300 shares during the period. Finally, Bay Rivers Group raised its stake in Boeing by 1.0% during the 4th quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock worth $1,313,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.6 %

BA stock opened at $175.09 on Tuesday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63. The firm’s fifty day simple moving average is $166.42 and its two-hundred day simple moving average is $164.29.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company posted ($0.47) EPS. Analysts anticipate that The Boeing Company will post -16.39 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Morgan Stanley reduced their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Susquehanna reduced their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, TD Cowen reduced their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $192.11.

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.