Roanoke Asset Management Corp NY Purchases 170 Shares of The Boeing Company (NYSE:BA)

Roanoke Asset Management Corp NY boosted its stake in The Boeing Company (NYSE:BAFree Report) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 29,206 shares of the aircraft producer’s stock after buying an additional 170 shares during the period. Boeing comprises approximately 2.8% of Roanoke Asset Management Corp NY’s investment portfolio, making the stock its 8th biggest position. Roanoke Asset Management Corp NY’s holdings in Boeing were worth $7,613,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BA. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing during the 4th quarter worth approximately $28,000. Evolution Advisers Inc. bought a new stake in shares of Boeing during the 4th quarter worth approximately $28,000. CNB Bank lifted its holdings 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 acquiring an additional 66 shares during the period. Naples Money Management LLC bought a new stake in shares of Boeing during the 4th quarter worth approximately $44,000. Finally, M&R Capital Management Inc. lifted its holdings in shares of Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 1.1 %

Shares of BA traded up $1.99 during trading hours on Friday, hitting $184.95. 5,562,368 shares of the stock were exchanged, compared to its average volume of 7,349,375. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The business has a 50-day moving average of $179.38 and a 200-day moving average of $205.79.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. On average, sell-side analysts predict that The Boeing Company will post -0.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BA. The Goldman Sachs Group cut their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Citigroup cut their price target on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Finally, Morgan Stanley dropped their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $221.24.

View Our Latest Analysis on BA

About Boeing

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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