DDD Partners LLC Has $883,000 Stake in The Boeing Company (NYSE:BA)

DDD Partners LLC reduced its holdings in The Boeing Company (NYSE:BA) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,387 shares of the aircraft producer’s stock after selling 70 shares during the period. DDD Partners LLC’s holdings in Boeing were worth $883,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CNB Bank grew its position in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares during the period. VisionPoint Advisory Group LLC bought a new position in shares of Boeing in the 2nd quarter valued at about $32,000. True Wealth Design LLC bought a new position in shares of Boeing in the 4th quarter valued at about $33,000. Park Place Capital Corp grew its position in shares of Boeing by 185.1% in the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after acquiring an additional 137 shares during the period. Finally, Industrial Alliance Investment Management Inc. bought a new position in shares of Boeing in the 4th quarter valued at about $41,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Up 2.4 %

Shares of Boeing stock opened at $191.96 on Thursday. The company has a 50 day moving average of $200.81 and a 200-day moving average of $209.96. The Boeing Company has a 1-year low of $176.25 and a 1-year high of $267.54. The company has a market cap of $117.12 billion, a PE ratio of -52.16, a price-to-earnings-growth ratio of 30.94 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same period in the previous year, the company earned ($1.75) EPS. Boeing’s revenue for the quarter was up 10.2% on a year-over-year basis. Research analysts forecast that The Boeing Company will post 1.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BA. Morgan Stanley reissued an “equal weight” rating and issued a $235.00 price objective on shares of Boeing in a research report on Monday. TD Cowen decreased their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday. The Goldman Sachs Group decreased their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research note on Monday. Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Tuesday. Finally, Susquehanna decreased their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research note on Thursday, March 21st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $242.65.

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.