The Boeing Company (NYSE:BA) Shares Acquired by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC lifted its stake in shares of The Boeing Company (NYSE:BA) by 15.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,260 shares of the aircraft producer’s stock after purchasing an additional 302 shares during the period. Kapstone Financial Advisors LLC’s holdings in Boeing were worth $589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BA. CNB Bank grew its stake in shares of Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares during the period. Evolution Advisers Inc. purchased a new stake in shares of Boeing in the 4th quarter worth about $28,000. Lowe Wealth Advisors LLC purchased a new stake in shares of Boeing in the 3rd quarter worth about $43,000. Naples Money Management LLC purchased a new stake in shares of Boeing in the 4th quarter worth about $44,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of Boeing by 66.2% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after buying an additional 94 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Up 0.2 %

Shares of BA stock traded up $0.41 during trading hours on Friday, hitting $167.22. 7,208,103 shares of the company were exchanged, compared to its average volume of 7,379,195. The firm has a market cap of $102.65 billion, a PE ratio of -47.10, a PEG ratio of 140.43 and a beta of 1.52. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The firm has a fifty day moving average of $186.53 and a 200 day moving average of $206.55.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period last year, the company posted ($1.75) EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts expect that The Boeing Company will post -0.3 earnings per share for the current year.

Analyst Ratings Changes

BA has been the topic of several recent research reports. Barclays decreased their price objective on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley decreased their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th. Wells Fargo & Company reduced their target price 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. Finally, Sanford C. Bernstein reduced their target price on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $222.41.

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.