KMG Fiduciary Partners LLC Has $625,000 Stake in The Boeing Company (NYSE:BA)

KMG Fiduciary Partners LLC raised its stake in shares of The Boeing Company (NYSE:BA) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,529 shares of the aircraft producer’s stock after buying an additional 196 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Boeing were worth $625,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Newport Trust Company LLC increased its position in shares of Boeing by 1.2% in the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after buying an additional 388,633 shares in the last quarter. State Street Corp increased its holdings in shares of Boeing by 2.3% in the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after acquiring an additional 636,594 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Boeing by 2.8% during the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock worth $1,774,705,000 after purchasing an additional 320,415 shares during the period. Jennison Associates LLC lifted its holdings in shares of Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after purchasing an additional 602,143 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Boeing by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer’s stock valued at $739,957,000 after purchasing an additional 277,350 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of BA stock opened at $171.14 on Friday. The company has a fifty day moving average price of $162.76 and a two-hundred day moving average price of $165.00. The Boeing Company has a one year low of $137.03 and a one year high of $217.59. The stock has a market cap of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate 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 was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($3.26) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -16.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on BA shares. Citigroup dropped their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $192.21.

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.