Weatherly Asset Management L. P. Has $1.95 Million Stock Position in The Boeing Company (NYSE:BA)

Weatherly Asset Management L. P. lessened its stake in The Boeing Company (NYSE:BA – Get Rating) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,217 shares of the aircraft producer’s stock after selling 433 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Boeing were worth $1,946,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BA. CarsonAllaria Wealth Management Ltd. boosted its position in Boeing by 88.7% during the 3rd quarter. CarsonAllaria Wealth Management Ltd. now owns 266 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 125 shares during the last quarter. Karp Capital Management Corp bought a new position in Boeing in the third quarter valued at $33,000. Selway Asset Management bought a new position in Boeing in the third quarter valued at $36,000. Ten Capital Wealth Advisors LLC grew its position in Boeing by 200.9% in the third quarter. Ten Capital Wealth Advisors LLC now owns 325 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 217 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC grew its position in Boeing by 61.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 328 shares of the aircraft producer’s stock valued at $40,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 57.07% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Boeing in a research report on Thursday. They issued a “hold” rating for the company. Morgan Stanley downgraded shares of Boeing from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $213.00 to $220.00 in a research report on Tuesday, January 10th. Northcoast Research initiated coverage on shares of Boeing in a research report on Thursday. They issued a “neutral” rating for the company. Susquehanna Bancshares raised their target price on shares of Boeing from $185.00 to $217.00 and gave the company a “positive” rating in a research report on Wednesday, December 14th. Finally, The Goldman Sachs Group set a $261.00 price objective on shares of Boeing in a research report on Wednesday, February 15th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $225.13.

Boeing Stock Performance

Shares of BA stock traded down $2.14 during midday trading on Friday, hitting $201.05. 9,858,936 shares of the company were exchanged, compared to its average volume of 6,524,440. The firm has a market capitalization of $120.46 billion, a P/E ratio of -24.25, a PEG ratio of 55.65 and a beta of 1.43. The firm’s 50 day moving average price is $209.05 and its two-hundred day moving average price is $177.92. The Boeing Company has a 52 week low of $113.02 and a 52 week high of $221.33.

Boeing (NYSE:BA – Get Rating) last announced its earnings results on Wednesday, January 25th. The aircraft producer reported ($1.75) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.80). The company had revenue of $19.98 billion for the quarter, compared to analyst estimates of $20.10 billion. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period last year, the firm earned ($7.69) earnings per share. Analysts expect that The Boeing Company will post 0.93 EPS for the current year.

Boeing Company Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.