Frank Rimerman Advisors LLC Invests $48,000 in The Boeing Company (NYSE:BA)

Frank Rimerman Advisors LLC bought a new position in shares of The Boeing Company (NYSE:BAFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 185 shares of the aircraft producer’s stock, valued at approximately $48,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Boeing by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after buying an additional 356,496 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Boeing by 35.5% during the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after buying an additional 4,425,964 shares during the last quarter. Morgan Stanley lifted its position in shares of Boeing by 1.1% during the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after buying an additional 91,801 shares during the last quarter. Northern Trust Corp lifted its position in shares of Boeing by 1.1% during the 4th quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock worth $1,304,150,000 after buying an additional 52,081 shares during the last quarter. Finally, Jennison Associates LLC bought a new stake in shares of Boeing during the 4th quarter worth $960,397,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Down 0.6 %

NYSE BA traded down $1.18 during trading hours on Friday, hitting $190.24. 3,374,548 shares of the company’s stock were exchanged, compared to its average volume of 5,877,391. The stock has a 50-day simple moving average of $177.70 and a 200 day simple moving average of $203.98. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The firm has a market cap of $116.78 billion, a price-to-earnings ratio of -53.61 and a beta of 1.55.

Boeing (NYSE:BAGet Free Report) last released its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. On average, sell-side analysts anticipate that The Boeing Company will post -1.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of several recent analyst reports. Northcoast Research downgraded 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, April 17th. Royal Bank of Canada dropped their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Bank of America dropped their target price on Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. dropped their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $220.33.

View Our Latest Analysis on Boeing

Boeing Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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