Strong Tower Advisory Services Acquires 341 Shares of The Boeing Company (NYSE:BA)

Strong Tower Advisory Services increased its holdings in The Boeing Company (NYSE:BA) by 1.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,638 shares of the aircraft producer’s stock after buying an additional 341 shares during the period. Boeing makes up 2.6% of Strong Tower Advisory Services’ holdings, making the stock its 13th largest holding. Strong Tower Advisory Services’ holdings in Boeing were worth $5,901,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Moneta Group Investment Advisors LLC grew its stake in Boeing by 109,667.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after buying an additional 16,041,103 shares in the last quarter. Barclays PLC increased its stake in Boeing by 599.0% in the second quarter. Barclays PLC now owns 1,522,410 shares of the aircraft producer’s stock valued at $321,475,000 after acquiring an additional 1,827,485 shares during the last quarter. Lazard Asset Management LLC raised its position in Boeing by 8,961.2% during the third quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock valued at $222,628,000 after purchasing an additional 1,148,643 shares in the last quarter. Morgan Stanley lifted its stake in Boeing by 11.7% during the fourth quarter. Morgan Stanley now owns 8,321,871 shares of the aircraft producer’s stock worth $1,585,234,000 after purchasing an additional 872,795 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Boeing by 2.4% in the 2nd quarter. BlackRock Inc. now owns 36,819,108 shares of the aircraft producer’s stock valued at $7,774,723,000 after purchasing an additional 868,582 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 0.5 %

Shares of BA opened at $192.83 on Friday. The firm’s fifty day simple moving average is $200.59 and its two-hundred day simple moving average is $209.84. The Boeing Company has a 12 month low of $176.25 and a 12 month high of $267.54. The stock has a market capitalization of $117.65 billion, a P/E ratio of -52.40, a price-to-earnings-growth ratio of 30.31 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results 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 business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the previous year, the company earned ($1.75) EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, research analysts predict that The Boeing Company will post 1.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the subject of a number of research analyst reports. Benchmark reissued a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Tuesday. Edward Jones cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of Boeing from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday. Stifel Nicolaus reiterated a “buy” rating and set a $270.00 price objective on shares of Boeing in a research report on Monday. Finally, Wells Fargo & Company cut their target price on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $241.53.

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.