Grimes & Company Inc. Has $684,000 Holdings in The Boeing Company (NYSE:BA)

Grimes & Company Inc. lifted its position in shares of The Boeing Company (NYSE:BA) by 25.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,867 shares of the aircraft producer’s stock after purchasing an additional 775 shares during the quarter. Grimes & Company Inc.’s holdings in Boeing were worth $684,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BA. Sugar Maple Asset Management LLC bought a new position in Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing during the third quarter worth $28,000. Cedar Wealth Management LLC bought a new position in Boeing during the third quarter worth $30,000. Planning Capital Management Corp boosted its stake in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares in the last quarter. Finally, Albion Financial Group UT boosted its stake in Boeing by 116.1% during the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after acquiring an additional 159 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BA has been the topic of several research analyst reports. Susquehanna cut their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, October 15th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.11.

Boeing Stock Performance

NYSE BA opened at $175.95 on Friday. The company has a market capitalization of $108.77 billion, a PE ratio of -13.64 and a beta of 1.52. The company has a 50-day simple moving average of $166.42 and a 200 day simple moving average of $164.56. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned ($3.26) EPS. As a group, analysts forecast that The Boeing Company will post -16.39 EPS 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.