J.W. Cole Advisors Inc. Boosts Holdings in The Boeing Company (NYSE:BA)

J.W. Cole Advisors Inc. boosted its position in The Boeing Company (NYSE:BA) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,133 shares of the aircraft producer’s stock after buying an additional 1,596 shares during the period. J.W. Cole Advisors Inc.’s holdings in Boeing were worth $7,594,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strategic Blueprint LLC boosted its position in shares of Boeing by 8.7% in the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after buying an additional 264 shares in the last quarter. Rothschild Investment LLC IL raised its holdings in Boeing by 21.1% in the third quarter. Rothschild Investment LLC IL now owns 75,101 shares of the aircraft producer’s stock valued at $14,395,000 after buying an additional 13,079 shares during the period. Meridian Wealth Management LLC raised its holdings in Boeing by 86.8% in the third quarter. Meridian Wealth Management LLC now owns 24,776 shares of the aircraft producer’s stock valued at $4,749,000 after buying an additional 11,510 shares during the period. Morse Asset Management Inc raised its holdings in Boeing by 65.0% in the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after buying an additional 3,152 shares during the period. Finally, Peregrine Asset Advisers Inc. raised its holdings in Boeing by 1,335.3% in the third quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock valued at $6,985,000 after buying an additional 33,904 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

BA traded down $0.39 during trading hours on Friday, hitting $169.84. 4,689,767 shares of the stock were exchanged, compared to its average volume of 9,703,083. The stock has a 50-day simple moving average of $190.29 and a 200-day simple moving average of $207.16. The Boeing Company has a 12 month low of $167.53 and a 12 month high of $267.54. The stock has a market cap of $103.63 billion, a price-to-earnings ratio of -46.15, a price-to-earnings-growth ratio of 116.16 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping 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 last year, the business earned ($1.75) earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Sell-side analysts expect that The Boeing Company will post 0.37 EPS for the current year.

Analysts Set New Price Targets

BA has been the topic of several research reports. UBS Group cut their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Melius reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Tuesday, March 26th. Finally, Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $229.35.

About Boeing

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.