Regatta Capital Group LLC Buys 166 Shares of The Boeing Company (NYSE:BA)

Regatta Capital Group LLC lifted its stake in The Boeing Company (NYSE:BA) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,374 shares of the aircraft producer’s stock after buying an additional 166 shares during the period. Regatta Capital Group LLC’s holdings in Boeing were worth $1,128,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BA. Sugar Maple Asset Management LLC acquired a new stake in Boeing during the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the 3rd quarter worth approximately $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing in the 3rd quarter valued at $30,000. Planning Capital Management Corp grew its position in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares during the period. Finally, Albion Financial Group UT raised 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 owned by institutional investors and hedge funds.

Boeing Stock Performance

BA opened at $175.95 on Friday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63. The company has a fifty day simple moving average of $166.42 and a 200 day simple moving average of $164.56.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the company posted ($3.26) earnings per share. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts forecast that The Boeing Company will post -16.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BA shares. Robert W. Baird reduced their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Finally, UBS Group decreased their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.11.

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.