Independent Family Office LLC Takes $261,000 Position in The Boeing Company (NYSE:BA)

Independent Family Office LLC acquired a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,000 shares of the aircraft producer’s stock, valued at approximately $261,000.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Boeing by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock valued at $9,125,790,000 after buying an additional 356,496 shares during the period. Moneta Group Investment Advisors LLC lifted its position in shares of Boeing by 109,667.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after purchasing an additional 16,041,103 shares during the period. Morgan Stanley lifted its position in shares of Boeing by 1.1% in the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after purchasing an additional 91,801 shares during the period. Nuveen Asset Management LLC lifted its position in shares of Boeing by 7.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer’s stock worth $1,309,361,000 after purchasing an additional 452,721 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Boeing by 3.2% in the 3rd quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock worth $949,042,000 after purchasing an additional 153,168 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 1.0 %

Shares of NYSE BA traded up $1.62 during trading on Tuesday, reaching $169.44. 4,163,875 shares of the company traded hands, compared to its average volume of 9,801,481. The firm has a 50 day simple moving average of $193.45 and a 200-day simple moving average of $207.95. The stock has a market capitalization of $103.38 billion, a PE ratio of -45.69, a P/E/G ratio of 115.71 and a beta of 1.52. The Boeing Company has a 52-week low of $167.53 and a 52-week high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.75) EPS. As a group, research analysts predict that The Boeing Company will post 0.37 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BA shares. TD Cowen dropped their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Susquehanna decreased their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research note on Thursday, March 21st. Edward Jones lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Stifel Nicolaus decreased their price target on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Finally, Morgan Stanley decreased their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $233.88.

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.