Royal Fund Management LLC Acquires 514 Shares of The Boeing Company (NYSE:BA)

Royal Fund Management LLC boosted its stake in The Boeing Company (NYSE:BA) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,985 shares of the aircraft producer’s stock after acquiring an additional 514 shares during the period. Royal Fund Management LLC’s holdings in Boeing were worth $3,124,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BA. AJOVista LLC bought a new position in Boeing in the fourth quarter worth about $125,000. Baxter Bros Inc. increased its stake in shares of Boeing by 68.1% during the fourth quarter. Baxter Bros Inc. now owns 3,776 shares of the aircraft producer’s stock valued at $984,000 after purchasing an additional 1,530 shares in the last quarter. Blue Fin Capital Inc. purchased a new position in shares of Boeing during the fourth quarter valued at approximately $219,000. Provence Wealth Management Group boosted its position in shares of Boeing by 111.6% in the 4th quarter. Provence Wealth Management Group now owns 1,549 shares of the aircraft producer’s stock worth $404,000 after purchasing an additional 817 shares in the last quarter. Finally, VeraBank N.A. grew its stake in shares of Boeing by 10.4% in the 4th quarter. VeraBank N.A. now owns 1,241 shares of the aircraft producer’s stock worth $323,000 after buying an additional 117 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of Boeing stock traded up $0.94 during trading hours on Friday, reaching $179.79. The company’s stock had a trading volume of 5,416,263 shares, compared to its average volume of 8,228,397. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The firm has a 50 day moving average price of $183.74 and a 200-day moving average price of $205.91. The stock has a market cap of $110.37 billion, a P/E ratio of -50.64 and a beta of 1.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned ($1.75) earnings per share. As a group, sell-side analysts forecast that The Boeing Company will post -0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. JPMorgan Chase & Co. dropped their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Barclays cut their price objective 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. Bank of America decreased their target price on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Tuesday, March 26th. Finally, StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.