Diversified Trust Co Grows Holdings in The Boeing Company (NYSE:BA)

Diversified Trust Co raised its position in The Boeing Company (NYSE:BA) by 109.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,097 shares of the aircraft producer’s stock after purchasing an additional 2,659 shares during the period. Diversified Trust Co’s holdings in Boeing were worth $902,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the third quarter worth about $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing during the third quarter worth about $30,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of Boeing during the second quarter worth about $33,000. Strategic Financial Concepts LLC purchased a new stake in Boeing during the 2nd quarter valued at about $41,000. Finally, Planning Capital Management Corp grew its stake in Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BA shares. Jefferies Financial Group dropped their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Morgan Stanley dropped their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Stock Performance

Shares of BA stock opened at $172.04 on Friday. The firm’s 50 day moving average price is $161.04 and its 200-day moving average price is $165.37. The Boeing Company has a one year low of $137.03 and a one year high of $231.61. The firm has a market cap of $106.36 billion, a P/E ratio of -13.34 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the company posted ($3.26) EPS. The business’s revenue was down 1.5% on a year-over-year basis. As a group, research analysts predict that The Boeing Company will post -16.18 EPS for the current fiscal year.

Boeing 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.