Cromwell Holdings LLC Buys 935 Shares of The Boeing Company (NYSE:BA)

Cromwell Holdings LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 76.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,158 shares of the aircraft producer’s stock after buying an additional 935 shares during the period. Cromwell Holdings LLC’s holdings in Boeing were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of BA. ING Groep NV raised its holdings in Boeing by 179.1% in the fourth quarter. ING Groep NV now owns 214,367 shares of the aircraft producer’s stock worth $37,943,000 after purchasing an additional 137,554 shares during the period. Zullo Investment Group Inc. increased its position in shares of Boeing by 2.4% in the 4th quarter. Zullo Investment Group Inc. now owns 5,602 shares of the aircraft producer’s stock valued at $992,000 after buying an additional 130 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in Boeing by 9.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 22,666 shares of the aircraft producer’s stock worth $4,012,000 after buying an additional 2,000 shares during the period. Advyzon Investment Management LLC acquired a new stake in Boeing during the 4th quarter worth $769,000. Finally, Sunpointe LLC bought a new position in Boeing during the fourth quarter worth about $318,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Down 2.9 %

NYSE:BA opened at $180.77 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The firm has a market capitalization of $135.59 billion, a price-to-earnings ratio of -9.87 and a beta of 1.52. The stock’s 50 day moving average price is $176.58 and its two-hundred day moving average price is $164.32.

Boeing (NYSE:BA) last issued its 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 last year, the business posted ($0.47) EPS. As a group, analysts anticipate that The Boeing Company will post -2.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BA shares. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Morgan Stanley cut their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

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.