Claro Advisors LLC Boosts Stock Holdings in The Boeing Company (NYSE:BA)

Claro Advisors LLC increased its position in shares of The Boeing Company (NYSE:BA) by 12.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,174 shares of the aircraft producer’s stock after purchasing an additional 589 shares during the period. Claro Advisors LLC’s holdings in Boeing were worth $916,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC acquired a new position in Boeing during the fourth quarter worth about $222,000. Wedmont Private Capital grew its position in Boeing by 8.3% during the fourth quarter. Wedmont Private Capital now owns 4,950 shares of the aircraft producer’s stock worth $851,000 after buying an additional 381 shares during the period. CHICAGO TRUST Co NA grew its position in Boeing by 16.9% during the fourth quarter. CHICAGO TRUST Co NA now owns 5,373 shares of the aircraft producer’s stock worth $951,000 after buying an additional 777 shares during the period. Trust Co. of Toledo NA OH grew its position in Boeing by 15.0% during the fourth quarter. Trust Co. of Toledo NA OH now owns 12,382 shares of the aircraft producer’s stock worth $2,192,000 after buying an additional 1,614 shares during the period. Finally, Fiduciary Alliance LLC acquired a new position in Boeing during the fourth quarter worth about $482,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Down 0.8 %

NYSE:BA opened at $170.56 on Tuesday. The company has a market cap of $105.44 billion, a P/E ratio of -13.22 and a beta of 1.52. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59. The firm’s 50 day moving average is $161.70 and its two-hundred day moving average is $165.07.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS 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. During the same quarter in the previous year, the company posted ($3.26) earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts forecast that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BA shares. Jefferies Financial Group lowered their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Benchmark restated a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Robert W. Baird lowered their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, TD Cowen lowered their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned 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 an average price target of $192.21.

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.