Transcend Capital Advisors LLC Acquires 609 Shares of The Boeing Company (NYSE:BA)

Transcend Capital Advisors LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,078 shares of the aircraft producer’s stock after acquiring an additional 609 shares during the period. Transcend Capital Advisors LLC’s holdings in Boeing were worth $2,106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Opinicus Capital Inc. bought a new stake in shares of Boeing in the fourth quarter valued at about $320,000. Consolidated Planning Corp lifted its holdings in shares of Boeing by 2.5% in the fourth quarter. Consolidated Planning Corp now owns 27,882 shares of the aircraft producer’s stock valued at $7,268,000 after purchasing an additional 693 shares in the last quarter. Intact Investment Management Inc. lifted its holdings in shares of Boeing by 245.0% in the fourth quarter. Intact Investment Management Inc. now owns 3,450 shares of the aircraft producer’s stock valued at $899,000 after purchasing an additional 2,450 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Boeing by 18.3% in the fourth quarter. Russell Investments Group Ltd. now owns 80,590 shares of the aircraft producer’s stock valued at $21,005,000 after purchasing an additional 12,493 shares in the last quarter. Finally, Brio Consultants LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $207,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BA shares. Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. The Goldman Sachs Group lowered their target price on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Citigroup lowered their target price on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank of Canada lowered their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Finally, TD Cowen lowered their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.41.

Boeing Trading Up 0.2 %

NYSE BA traded up $0.41 on Friday, hitting $167.22. 7,208,103 shares of the company’s stock were exchanged, compared to its average volume of 7,379,195. The stock has a 50-day moving average of $186.53 and a 200-day moving average of $206.55. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The stock has a market cap of $102.65 billion, a price-to-earnings ratio of -47.10, a P/E/G ratio of 140.43 and a beta of 1.52.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the previous year, the company earned ($1.75) earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts predict that The Boeing Company will post -0.3 earnings per share for the current year.

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.