Eos Management L.P. Purchases Shares of 2,345 The Boeing Company (NYSE:BA)

Eos Management L.P. purchased a new position in The Boeing Company (NYSE:BA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,345 shares of the aircraft producer’s stock, valued at approximately $611,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Trust Co. of Vermont increased its position in shares of Boeing by 1.0% during the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after acquiring an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC increased its holdings in shares of Boeing by 2.7% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 47 shares in the last quarter. WealthPlan Investment Management LLC raised its stake in shares of Boeing by 1.0% in the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after purchasing an additional 49 shares during the last quarter. RB Capital Management LLC lifted its holdings in shares of Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after purchasing an additional 50 shares in the last quarter. Finally, M&R Capital Management Inc. boosted its position in shares of Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on BA shares. Wells Fargo & Company dropped their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a report on Thursday, February 1st. Edward Jones cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. UBS Group dropped their price target on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Finally, The Goldman Sachs Group reduced their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $222.41.

Boeing Stock Performance

Shares of Boeing stock traded up $0.45 during trading hours on Friday, hitting $167.26. The company’s stock had a trading volume of 7,199,501 shares, compared to its average volume of 9,757,903. The company has a market cap of $102.05 billion, a PE ratio of -47.12, a PEG ratio of 130.13 and a beta of 1.52. The business has a 50 day moving average price of $186.53 and a two-hundred day moving average price of $206.46. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same period last year, the business posted ($1.75) EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, research analysts anticipate that The Boeing Company will post 0.32 earnings per share for the current year.

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.