Burney Co. Increases Holdings in The Boeing Company (NYSE:BA)

Burney Co. raised its stake in The Boeing Company (NYSE:BA) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,463 shares of the aircraft producer’s stock after purchasing an additional 180 shares during the quarter. Burney Co.’s holdings in Boeing were worth $1,321,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BA. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the third quarter valued at $28,000. Cedar Wealth Management LLC acquired a new position in Boeing in the 3rd quarter worth $30,000. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing in the 2nd quarter valued at about $33,000. Planning Capital Management Corp grew its stake in shares of Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of Boeing during the third quarter worth about $58,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price target on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. The Goldman Sachs Group cut their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. 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 note on Monday, October 14th. Finally, Wells Fargo & Company dropped their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. 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 issued a strong buy rating to the stock. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Stock Performance

BA stock opened at $168.91 on Friday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $217.59. The stock has a market capitalization of $104.42 billion, a price-to-earnings ratio of -13.09 and a beta of 1.52. The stock’s fifty day moving average is $162.40 and its two-hundred day moving average is $164.98.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the company posted ($3.26) EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. As a group, analysts predict that The Boeing Company will post -16.43 EPS for the current fiscal year.

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.