Graypoint LLC Has $462,000 Stock Position in The Boeing Company (NYSE:BA)

Graypoint LLC raised its stake in The Boeing Company (NYSE:BA) by 36.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,612 shares of the aircraft producer’s stock after acquiring an additional 696 shares during the quarter. Graypoint LLC’s holdings in Boeing were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of BA. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the third quarter valued at approximately $28,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing in the 2nd quarter valued at $33,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the third quarter valued at $30,000. Meeder Asset Management Inc. boosted its holdings in Boeing by 325.4% in the second quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock valued at $55,000 after acquiring an additional 231 shares during the last quarter. Finally, Fairscale Capital LLC acquired a new stake in Boeing in the second quarter worth about $59,000. 64.82% of the stock is owned by institutional investors.

Boeing Trading Up 0.2 %

BA opened at $172.08 on Friday. The firm’s fifty day simple moving average is $161.39 and its 200 day simple moving average is $165.25. The stock has a market capitalization of $106.38 billion, a P/E ratio of -13.34 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $228.28.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the company earned ($3.26) earnings per share. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities research analysts predict that The Boeing Company will post -16.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on BA shares. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. The Goldman Sachs Group lowered their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft increased their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, TD Cowen cut their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target 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.