Bogart Wealth LLC Increases Holdings in The Boeing Company (NYSE:BA)

Bogart Wealth LLC increased its position in The Boeing Company (NYSE:BA) by 47.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,876 shares of the aircraft producer’s stock after acquiring an additional 601 shares during the period. Bogart Wealth LLC’s holdings in Boeing were worth $332,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Chaney Capital Management Inc. increased its position 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 buying an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after acquiring an additional 59 shares during the last quarter. Sterneck Capital Management LLC increased its position in Boeing by 2.3% during the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after purchasing an additional 66 shares in the last quarter. GSG Advisors LLC raised its stake in Boeing by 4.7% in the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after purchasing an additional 67 shares during the last quarter. Finally, Bay Rivers Group lifted its holdings in Boeing by 1.0% in the 4th quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock valued at $1,313,000 after purchasing an additional 70 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BA has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Citigroup upped their target price on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Two investment 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Trading Down 0.5 %

BA opened at $184.52 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The firm has a market cap of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52. The company has a fifty day simple moving average of $174.35 and a 200 day simple moving average of $164.25.

Boeing (NYSE:BA) last announced its 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 last year, the firm earned ($0.47) earnings per share. On average, analysts forecast that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Boeing Company Profile

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.