Key Financial Inc Has $2.08 Million Position in The Boeing Company (NYSE:BA)

Key Financial Inc grew its stake in The Boeing Company (NYSE:BA) by 60.1% during the fourth quarter, HoldingsChannel reports. The firm owned 7,992 shares of the aircraft producer’s stock after buying an additional 3,000 shares during the quarter. Key Financial Inc’s holdings in Boeing were worth $2,083,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. CNB Bank boosted its position in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares during the period. True Wealth Design LLC bought a new position in Boeing during the 4th quarter worth approximately $33,000. Park Place Capital Corp raised its holdings in Boeing by 185.1% during the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after purchasing an additional 137 shares during the last quarter. Industrial Alliance Investment Management Inc. bought a new position in Boeing during the 4th quarter worth approximately $41,000. Finally, Fortis Capital Advisors LLC raised its holdings in Boeing by 100.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock worth $42,000 after purchasing an additional 100 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BA. Royal Bank of Canada lowered their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday. The Goldman Sachs Group lowered 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. Susquehanna lowered their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. Wells Fargo & Company lowered their price objective on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. Finally, Citigroup lowered their price objective on shares of Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $229.35.

Boeing Stock Down 0.2 %

Boeing stock traded down $0.34 during midday trading on Wednesday, reaching $170.21. The stock had a trading volume of 8,148,813 shares, compared to its average volume of 9,830,337. The Boeing Company has a 12 month low of $167.53 and a 12 month high of $267.54. The firm’s 50-day moving average price is $192.69 and its 200 day moving average price is $207.80. The firm has a market capitalization of $103.85 billion, a PE ratio of -46.08, a P/E/G ratio of 114.53 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the prior year, the firm posted ($1.75) earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Equities research analysts expect that The Boeing Company will post 0.37 EPS for the current 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.