West Oak Capital LLC Raises Holdings in The Boeing Company (NYSE:BA)

West Oak Capital LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,941 shares of the aircraft producer’s stock after purchasing an additional 200 shares during the quarter. West Oak Capital LLC’s holdings in Boeing were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. CNB Bank raised its holdings 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 purchasing an additional 66 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new position in shares of Boeing during the 2nd quarter valued at about $32,000. True Wealth Design LLC purchased a new position in Boeing during the fourth quarter worth about $33,000. Park Place Capital Corp boosted its holdings in Boeing by 185.1% during 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. purchased a new position in Boeing in the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Tuesday. Edward Jones downgraded shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. The Goldman Sachs Group lowered their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday. Finally, William Blair initiated coverage on Boeing in a research note on Tuesday, December 12th. They issued an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $241.53.

Boeing Stock Performance

Shares of NYSE BA traded down $0.34 during mid-day trading on Thursday, reaching $191.61. The company had a trading volume of 1,321,238 shares, compared to its average volume of 10,364,772. The Boeing Company has a 12-month low of $176.25 and a 12-month high of $267.54. The stock has a fifty day moving average of $200.81 and a two-hundred day moving average of $209.96. The company has a market capitalization of $116.91 billion, a price-to-earnings ratio of -52.18, a PEG ratio of 30.31 and a beta of 1.52.

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

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.