Naples Money Management LLC Acquires Shares of 170 The Boeing Company (NYSE:BA)

Naples Money Management LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 170 shares of the aircraft producer’s stock, valued at approximately $44,000.

Several other institutional investors also recently modified their holdings of BA. United Bank increased its holdings in shares of Boeing by 4.7% during the first quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock worth $964,000 after buying an additional 226 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Boeing by 1,064.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock worth $163,000 after purchasing an additional 777 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of Boeing by 68.0% in the first quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock worth $1,362,000 after purchasing an additional 2,879 shares during the last quarter. Prudential PLC bought a new stake in shares of Boeing in the first quarter worth $836,000. Finally, Dakota Wealth Management boosted its position in Boeing by 26.7% during the first quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock valued at $408,000 after acquiring an additional 448 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

NYSE:BA opened at $169.82 on Friday. The firm has a 50-day moving average price of $190.29 and a two-hundred day moving average price of $207.16. The Boeing Company has a 52 week low of $167.53 and a 52 week high of $267.54. The firm has a market cap of $103.61 billion, a price-to-earnings ratio of -46.15, a price-to-earnings-growth ratio of 134.80 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter in the previous year, the business earned ($1.75) EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, sell-side analysts forecast that The Boeing Company will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on BA shares. UBS Group cut their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective on the stock. in a research report on Wednesday. Citigroup cut their price objective on shares of Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Sanford C. Bernstein cut their price objective on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. Finally, Royal Bank of Canada cut their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $229.35.

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.