The Boeing Company (NYSE:BA) Stock Holdings Increased by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC increased its holdings in The Boeing Company (NYSE:BA) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,971 shares of the aircraft producer’s stock after purchasing an additional 245 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Boeing were worth $703,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BA. Clearbridge Investments LLC increased its position in shares of Boeing by 6,763.5% in the second quarter. Clearbridge Investments LLC now owns 287,237 shares of the aircraft producer’s stock worth $52,280,000 after acquiring an additional 283,052 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Boeing in the second quarter worth approximately $82,000. Sanctuary Advisors LLC purchased a new position in shares of Boeing in the second quarter worth approximately $21,405,000. Heritage Wealth Management Inc. purchased a new position in shares of Boeing in the second quarter worth approximately $483,000. Finally, Czech National Bank increased its position in shares of Boeing by 8.4% in the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after acquiring an additional 9,281 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of Boeing stock opened at $179.47 on Friday. The firm has a market capitalization of $110.95 billion, a PE ratio of -13.91 and a beta of 1.52. The company’s fifty day moving average price is $168.24 and its two-hundred day moving average price is $164.26. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the company earned ($0.47) EPS. Analysts predict that The Boeing Company will post -16.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BA. Robert W. Baird lowered their price objective 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. Wells Fargo & Company boosted their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday. Susquehanna boosted their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday. Citigroup lowered their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $195.00.

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.