The Boeing Company (NYSE:BA) Stake Increased by Winch Advisory Services LLC

Winch Advisory Services LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 56.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 618 shares of the aircraft producer’s stock after buying an additional 222 shares during the quarter. Winch Advisory Services LLC’s holdings in Boeing were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of BA. RMR Wealth Builders purchased a new position in Boeing during the 4th quarter valued at about $333,000. Connective Portfolio Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth approximately $1,062,000. Pinnacle Bancorp Inc. grew its position in Boeing by 70.3% during the fourth quarter. Pinnacle Bancorp Inc. now owns 494 shares of the aircraft producer’s stock valued at $87,000 after purchasing an additional 204 shares in the last quarter. Godsey & Gibb Inc. increased its stake in Boeing by 107.7% in the 4th quarter. Godsey & Gibb Inc. now owns 351 shares of the aircraft producer’s stock valued at $62,000 after buying an additional 182 shares during the period. Finally, Armstrong Advisory Group Inc. lifted its position in Boeing by 82.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 902 shares of the aircraft producer’s stock worth $160,000 after buying an additional 407 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 0.5 %

Shares of BA opened at $166.25 on Thursday. The company has a 50-day moving average price of $162.02 and a two-hundred day moving average price of $164.97. The stock has a market cap of $102.78 billion, a price-to-earnings ratio of -12.89 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the business earned ($3.26) EPS. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts expect that The Boeing Company will post -16.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Benchmark reissued a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, Robert W. Baird decreased their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.