Douglas Lane & Associates LLC Has $76.95 Million Stake in The Boeing Company (NYSE:BA)

Douglas Lane & Associates LLC grew its holdings in The Boeing Company (NYSE:BA) by 6.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 434,740 shares of the aircraft producer’s stock after acquiring an additional 26,042 shares during the period. Boeing accounts for about 1.1% of Douglas Lane & Associates LLC’s portfolio, making the stock its 27th largest position. Douglas Lane & Associates LLC’s holdings in Boeing were worth $76,949,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Weaver Consulting Group boosted its stake in shares of Boeing by 3.2% in the 4th quarter. Weaver Consulting Group now owns 11,874 shares of the aircraft producer’s stock valued at $2,102,000 after purchasing an additional 363 shares during the last quarter. Sterneck Capital Management LLC grew its holdings in shares of Boeing by 2.3% in the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after buying an additional 66 shares during the period. One Wealth Capital Management LLC bought a new stake in shares of Boeing in the fourth quarter worth about $270,000. Diversified Trust Co raised its holdings in Boeing by 109.1% during the 4th quarter. Diversified Trust Co now owns 5,097 shares of the aircraft producer’s stock worth $902,000 after buying an additional 2,659 shares during the period. Finally, Bangor Savings Bank lifted its stake in Boeing by 1,159.3% in the fourth quarter. Bangor Savings Bank now owns 5,478 shares of the aircraft producer’s stock valued at $970,000 after buying an additional 5,043 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.4 %

Shares of Boeing stock traded up $0.66 on Wednesday, hitting $173.17. The stock had a trading volume of 3,298,769 shares, compared to its average volume of 8,854,653. The stock has a market cap of $107.05 billion, a price-to-earnings ratio of -13.42 and a beta of 1.52. The business’s 50 day moving average is $160.22 and its two-hundred day moving average is $165.27. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $231.61.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted ($3.26) earnings per share. As a group, equities analysts predict that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BA shares. The Goldman Sachs Group cut their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. TD Cowen reduced their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Morgan Stanley reduced their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Finally, Citigroup lowered their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.21.

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.