1,393 Shares in The Boeing Company (NYSE:BA) Purchased by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC bought a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,393 shares of the aircraft producer’s stock, valued at approximately $363,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Jennison Associates LLC acquired a new stake in Boeing in the 4th quarter worth approximately $960,397,000. Lazard Asset Management LLC grew its stake in Boeing by 8,961.2% in the 3rd quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock valued at $222,628,000 after acquiring an additional 1,148,643 shares during the period. Barclays PLC grew its stake in Boeing by 54.5% in the 3rd quarter. Barclays PLC now owns 2,351,731 shares of the aircraft producer’s stock valued at $450,783,000 after acquiring an additional 829,321 shares during the period. Invesco Ltd. grew its stake in Boeing by 30.1% in the 3rd quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock valued at $628,599,000 after acquiring an additional 759,267 shares during the period. Finally, Cerity Partners LLC boosted its stake in Boeing by 726.7% during the 4th quarter. Cerity Partners LLC now owns 624,906 shares of the aircraft producer’s stock worth $162,888,000 after purchasing an additional 549,318 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

NYSE:BA traded up $0.41 during trading hours on Friday, hitting $167.22. The company’s stock had a trading volume of 7,208,103 shares, compared to its average volume of 7,379,195. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The company has a market capitalization of $102.65 billion, a PE ratio of -47.12, a PEG ratio of 140.08 and a beta of 1.52. The business’s 50-day moving average is $186.53 and its two-hundred day moving average is $206.46.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.75) EPS. As a group, analysts predict that The Boeing Company will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Morgan Stanley cut their target price on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday. Sanford C. Bernstein lowered their price target on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Finally, Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $222.41.

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.