The Boeing Company (NYSE:BA) Position Boosted by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in The Boeing Company (NYSE:BA) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,834 shares of the aircraft producer’s stock after buying an additional 5,477 shares during the quarter. D.A. Davidson & CO.’s holdings in Boeing were worth $21,211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Boeing during the fourth quarter worth $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the 4th quarter worth about $27,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing in the 4th quarter valued at about $28,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the 3rd quarter valued at about $28,000. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $184.52 on Tuesday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10. The stock’s 50-day moving average is $174.96 and its two-hundred day moving average is $163.90. The firm has a market cap of $138.40 billion, a P/E ratio of -10.07 and a beta of 1.52.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the business posted ($0.47) EPS. As a group, research analysts expect that The Boeing Company will post -2.3 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. UBS Group increased their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and cut their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Susquehanna upped their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Citigroup lifted their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company upped their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Company Profile

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.