The Boeing Company (NYSE:BA) Shares Bought by Keene & Associates Inc.

Keene & Associates Inc. lifted its stake in shares of The Boeing Company (NYSE:BA) by 51.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,562 shares of the aircraft producer’s stock after acquiring an additional 1,205 shares during the quarter. Keene & Associates Inc.’s holdings in Boeing were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Chaney Capital Management Inc. increased its stake in Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock worth $508,000 after acquiring an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. increased its position in Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock worth $1,878,000 after purchasing an additional 59 shares in the last quarter. Center for Financial Planning Inc. raised its holdings in Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after buying an additional 60 shares during the period. Beacon Capital Management LLC lifted its position in Boeing by 4.0% during the fourth quarter. Beacon Capital Management LLC now owns 1,709 shares of the aircraft producer’s stock valued at $302,000 after buying an additional 65 shares in the last quarter. Finally, Sterneck Capital Management LLC grew its stake in Boeing by 2.3% during the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after buying an additional 66 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of BA opened at $184.73 on Wednesday. The stock has a market capitalization of $138.56 billion, a PE ratio of -10.08 and a beta of 1.52. The business’s fifty day moving average price is $175.92 and its 200 day moving average price is $164.05. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10.

Boeing (NYSE:BA) last posted its quarterly earnings results 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 period in the prior year, the company posted ($0.47) EPS. As a group, research analysts anticipate that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Susquehanna lifted their target price on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Robert W. Baird reduced their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, Morgan Stanley reduced their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

About Boeing

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.