The Boeing Company (NYSE:BA) Stock Position Lifted by IMS Capital Management

IMS Capital Management boosted its stake in The Boeing Company (NYSE:BA) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,377 shares of the aircraft producer’s stock after buying an additional 1,345 shares during the quarter. Boeing makes up about 1.4% of IMS Capital Management’s holdings, making the stock its 16th biggest position. IMS Capital Management’s holdings in Boeing were worth $3,076,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Chaney Capital Management Inc. increased its position in Boeing by 2.1% in the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock worth $508,000 after purchasing an additional 58 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in shares of Boeing by 0.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after purchasing an additional 59 shares during the last quarter. Sterneck Capital Management LLC boosted its stake 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 valued at $530,000 after purchasing an additional 66 shares during the last quarter. GSG Advisors LLC raised its stake in shares of Boeing by 4.7% during the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock worth $264,000 after buying an additional 67 shares during the last quarter. Finally, Bay Rivers Group lifted its holdings in Boeing by 1.0% in the fourth quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock valued at $1,313,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Morgan Stanley reduced their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Robert W. Baird decreased their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Price Performance

Shares of Boeing stock opened at $185.75 on Friday. The firm has a market cap of $139.33 billion, a price-to-earnings ratio of -10.14 and a beta of 1.52. The Boeing Company has a one year low of $137.03 and a one year high of $208.10. The stock’s 50-day moving average is $173.77 and its 200-day moving average is $164.10.

Boeing (NYSE:BA) last released its quarterly earnings results 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 period in the previous year, the business earned ($0.47) earnings per share. On average, equities analysts expect that The Boeing Company will post -2.3 EPS for the current 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.