Herold Advisors Inc. Has $1.67 Million Stock Holdings in The Boeing Company (NYSE:BA)

Herold Advisors Inc. decreased its holdings in The Boeing Company (NYSE:BA) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,390 shares of the aircraft producer’s stock after selling 101 shares during the quarter. Herold Advisors Inc.’s holdings in Boeing were worth $1,666,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont boosted its stake in Boeing by 1.0% in the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after purchasing an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC boosted its position in shares of Boeing by 2.7% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after acquiring an additional 47 shares during the last quarter. WealthPlan Investment Management LLC boosted its position in shares of Boeing by 1.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after acquiring an additional 49 shares during the last quarter. RB Capital Management LLC boosted its position in shares of Boeing by 2.7% during the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after acquiring an additional 50 shares during the last quarter. Finally, M&R Capital Management Inc. boosted its position in shares of Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 0.3 %

NYSE BA opened at $167.26 on Friday. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The firm has a market capitalization of $102.68 billion, a PE ratio of -47.12, a P/E/G ratio of 140.08 and a beta of 1.52. The stock’s 50 day moving average is $186.53 and its 200 day moving average is $206.46.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the prior year, the firm earned ($1.75) earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, research analysts anticipate that The Boeing Company will post 0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research analyst reports. Sanford C. Bernstein dropped their price target on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. TD Cowen decreased their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Barclays decreased their price target on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd. Melius reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, Royal Bank of Canada decreased their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $222.41.

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.