Doliver Advisors LP Grows Holdings in The Boeing Company (NYSE:BA)

Doliver Advisors LP lifted its position in shares of The Boeing Company (NYSE:BA) by 62.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,397 shares of the aircraft producer’s stock after buying an additional 2,083 shares during the quarter. Doliver Advisors LP’s holdings in Boeing were worth $955,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BA. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the third quarter worth $28,000. Cedar Wealth Management LLC acquired a new position in Boeing during the third quarter worth approximately $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing in the 2nd quarter valued at $33,000. Strategic Financial Concepts LLC purchased a new stake in shares of Boeing during the 2nd quarter valued at $41,000. Finally, Planning Capital Management Corp raised its position in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Citigroup decreased their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Company reduced their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $190.00 to $210.00 in a research note on Monday. Finally, TD Cowen decreased their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Stock Performance

Shares of Boeing stock traded up $1.07 during trading on Monday, hitting $170.97. 6,784,308 shares of the stock were exchanged, compared to its average volume of 9,862,960. The stock has a market cap of $105.69 billion, a PE ratio of -13.25 and a beta of 1.52. The stock’s fifty day moving average is $159.43 and its 200 day moving average is $165.34. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $233.85.

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 firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The company’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($3.26) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -16.18 EPS for the current fiscal 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.