Retirement Solution Inc. Increases Holdings in The Boeing Company (NYSE:BA)

Retirement Solution Inc. increased its holdings in shares of The Boeing Company (NYSE:BA) by 11.4% in the fourth quarter, Holdings Channel reports. The firm owned 1,308 shares of the aircraft producer’s stock after acquiring an additional 134 shares during the period. Retirement Solution Inc.’s holdings in Boeing were worth $341,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Jennison Associates LLC purchased a new position in Boeing in the 4th quarter valued at about $960,397,000. Lazard Asset Management LLC lifted its position in shares of Boeing by 8,961.2% during the third quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock worth $222,628,000 after purchasing an additional 1,148,643 shares during the last quarter. Barclays PLC lifted its position in shares of Boeing by 54.5% during the third quarter. Barclays PLC now owns 2,351,731 shares of the aircraft producer’s stock worth $450,783,000 after purchasing an additional 829,321 shares during the last quarter. Invesco Ltd. lifted its position in shares of Boeing by 30.1% during the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after purchasing an additional 759,267 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Boeing by 726.7% during the fourth quarter. Cerity Partners LLC now owns 624,906 shares of the aircraft producer’s stock worth $162,888,000 after purchasing an additional 549,318 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of NYSE:BA traded down $4.84 during trading hours on Wednesday, hitting $164.34. The stock had a trading volume of 20,821,575 shares, compared to its average volume of 9,753,916. The stock’s fifty day simple moving average is $188.03 and its 200 day simple moving average is $206.89. The Boeing Company has a 1-year low of $162.74 and a 1-year high of $267.54. The firm has a market capitalization of $100.27 billion, a price-to-earnings ratio of -44.66, a PEG ratio of 135.00 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the business posted ($1.75) EPS. Boeing’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, research analysts anticipate that The Boeing Company will post 0.32 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on BA shares. Barclays reduced their price target 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. Citigroup reduced their price target on shares of Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a research report on Wednesday, April 17th. Wells Fargo & Company reduced their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. Finally, Royal Bank of Canada dropped their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $226.71.

Boeing 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.