Money Concepts Capital Corp Boosts Position in The Boeing Company (NYSE:BA)

Money Concepts Capital Corp lifted its position in The Boeing Company (NYSE:BA) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,177 shares of the aircraft producer’s stock after buying an additional 253 shares during the quarter. Money Concepts Capital Corp’s holdings in Boeing were worth $385,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its position in shares of Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after acquiring an additional 710 shares during the period. Rockefeller Capital Management L.P. lifted its position in Boeing by 8.8% during the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after purchasing an additional 38,300 shares during the last quarter. Carnegie Investment Counsel lifted its position in Boeing by 175.6% during the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after purchasing an additional 2,943 shares during the last quarter. Principal Financial Group Inc. lifted its position in Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after purchasing an additional 38,332 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after purchasing an additional 602,143 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Up 1.6 %

Shares of NYSE BA opened at $184.81 on Friday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $213.77. The firm’s fifty day moving average is $171.05 and its 200 day moving average is $164.12. The company has a market cap of $114.25 billion, a price-to-earnings ratio of -10.09 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the firm earned ($0.47) EPS. Equities research analysts anticipate that The Boeing Company will post -2.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Wells Fargo & Company lifted their target price on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Susquehanna lifted their target price on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Two research 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing 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.