Consolidated Planning Corp Raises Position in The Boeing Company (NYSE:BA)

Consolidated Planning Corp increased its holdings in The Boeing Company (NYSE:BA) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,882 shares of the aircraft producer’s stock after purchasing an additional 693 shares during the quarter. Boeing accounts for 1.4% of Consolidated Planning Corp’s investment portfolio, making the stock its 20th biggest position. Consolidated Planning Corp’s holdings in Boeing were worth $7,268,000 as of its most recent SEC filing.

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

Boeing Stock Up 0.2 %

Shares of NYSE BA traded up $0.41 during midday trading on Friday, hitting $167.22. The stock had a trading volume of 7,208,103 shares, compared to its average volume of 7,379,195. The business’s 50 day moving average is $186.53 and its 200-day moving average is $206.46. The company has a market cap of $102.65 billion, a P/E ratio of -47.12, a PEG ratio of 140.08 and a beta of 1.52. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company posted ($1.75) EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, analysts expect that The Boeing Company will post 0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Edward Jones cut shares of Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Stifel Nicolaus reduced their price target on shares of Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Sanford C. Bernstein reduced their price target on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. TD Cowen reduced their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Finally, Morgan Stanley dropped their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $222.41.

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.