The Boeing Company (NYSE:BA) Stock Position Increased by Lbmc Investment Advisors LLC

Lbmc Investment Advisors LLC grew its position in The Boeing Company (NYSE:BA) by 11.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,854 shares of the aircraft producer’s stock after purchasing an additional 500 shares during the period. Lbmc Investment Advisors LLC’s holdings in Boeing were worth $859,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in Boeing by 20.8% in the second quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock worth $8,189,000 after purchasing an additional 7,739 shares during the period. Ieq Capital LLC lifted its stake in shares of Boeing by 11.3% in the 2nd quarter. Ieq Capital LLC now owns 29,154 shares of the aircraft producer’s stock worth $5,306,000 after acquiring an additional 2,956 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Boeing by 1.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 21,454 shares of the aircraft producer’s stock valued at $3,905,000 after acquiring an additional 317 shares in the last quarter. AE Wealth Management LLC increased its stake in shares of Boeing by 19.5% during the second quarter. AE Wealth Management LLC now owns 16,402 shares of the aircraft producer’s stock valued at $2,985,000 after acquiring an additional 2,678 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in Boeing by 5.3% during the second quarter. Pacer Advisors Inc. now owns 41,287 shares of the aircraft producer’s stock worth $7,515,000 after purchasing an additional 2,066 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BA. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. UBS Group cut their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Wells Fargo & Company reduced their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Finally, Citigroup dropped their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Trading Up 1.3 %

Boeing stock opened at $171.14 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59. The firm’s 50 day moving average price is $163.15 and its two-hundred day moving average price is $164.89.

Boeing (NYSE:BA) last posted 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 for the quarter, compared to analyst estimates of $17.81 billion. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($3.26) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post -16.43 earnings per share 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.