Raleigh Capital Management Inc. Raises Holdings in The Boeing Company (NYSE:BA)

Raleigh Capital Management Inc. raised its holdings in The Boeing Company (NYSE:BA) by 61.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 366 shares of the aircraft producer’s stock after purchasing an additional 139 shares during the period. Raleigh Capital Management Inc.’s holdings in Boeing were worth $65,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. AdvisorNet Financial Inc raised its holdings in Boeing by 54.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after buying an additional 710 shares during the period. Carnegie Investment Counsel increased its position in shares of Boeing by 175.6% during the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after acquiring an additional 2,943 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Boeing by 8.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after acquiring an additional 38,300 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Boeing by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after acquiring an additional 38,332 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after purchasing an additional 602,143 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

NYSE:BA opened at $178.34 on Friday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59. The firm has a market capitalization of $110.25 billion, a PE ratio of -13.82 and a beta of 1.52. The business’s fifty day moving average price is $164.90 and its 200 day moving average price is $164.53.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the company posted ($3.26) earnings per share. The business’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities analysts anticipate that The Boeing Company will post -16.36 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on BA. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Susquehanna lowered their target price on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, TD Cowen lowered their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

Boeing 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.