Apella Capital LLC Has $1.54 Million Stock Position in The Boeing Company (NYSE:BA)

Apella Capital LLC boosted its position in The Boeing Company (NYSE:BA) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,672 shares of the aircraft producer’s stock after buying an additional 744 shares during the quarter. Apella Capital LLC’s holdings in Boeing were worth $1,535,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Boeing by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock worth $8,189,000 after purchasing an additional 7,739 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Boeing by 10.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 556,361 shares of the aircraft producer’s stock valued at $101,263,000 after buying an additional 50,767 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Boeing by 435.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 27,295 shares of the aircraft producer’s stock worth $4,968,000 after acquiring an additional 22,201 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Boeing by 8.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,277,289 shares of the aircraft producer’s stock valued at $232,479,000 after acquiring an additional 98,973 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in Boeing by 11.0% in the second quarter. Citizens Financial Group Inc. RI now owns 31,252 shares of the aircraft producer’s stock valued at $5,688,000 after acquiring an additional 3,101 shares during the period. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BA shares. UBS Group lowered their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Citigroup decreased their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. TD Cowen lowered their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Jefferies Financial Group lowered their target price on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Finally, JPMorgan Chase & Co. cut their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Stock Down 2.0 %

Shares of NYSE BA opened at $167.17 on Wednesday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59. The stock has a market cap of $103.34 billion, a price-to-earnings ratio of -12.96 and a beta of 1.52. The company’s fifty day moving average is $162.02 and its 200-day moving average is $164.97.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The company’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted ($3.26) EPS. On average, research analysts anticipate that The Boeing Company will post -16.18 EPS for the current fiscal 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.