ZWJ Investment Counsel Inc. Purchases New Position in The Boeing Company (NYSE:BA)

ZWJ Investment Counsel Inc. purchased a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,269 shares of the aircraft producer’s stock, valued at approximately $225,000.

Several other large investors have also added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the 3rd quarter worth approximately $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing during the 3rd quarter worth approximately $30,000. Planning Capital Management Corp lifted its position in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Boeing during the 3rd quarter worth approximately $58,000. Finally, Godsey & Gibb Inc. lifted its position in shares of Boeing by 107.7% during the 4th quarter. Godsey & Gibb Inc. now owns 351 shares of the aircraft producer’s stock worth $62,000 after buying an additional 182 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $175.63 on Wednesday. The firm has a fifty day moving average price of $163.59 and a two-hundred day moving average price of $164.52. The Boeing Company has a one year low of $137.03 and a one year high of $217.59. The company has a market cap of $108.58 billion, a price-to-earnings ratio of -13.61 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the firm posted ($3.26) earnings per share. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts expect that The Boeing Company will post -16.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average 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.