By otakuyassine3@gmail.com 
Lazari Capital Management Inc. increased its position in The Boeing Company (NYSE:BA – Free Report) by 23.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,599 shares of the aircraft producer’s stock after buying an additional 5,491 shares during the period. Boeing accounts for about 2.0% of Lazari Capital Management Inc.’s investment portfolio, making the stock its 10th biggest position. Lazari Capital Management Inc.’s holdings in Boeing were worth $5,062,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Sterneck Capital Management LLC raised its position in Boeing by 2.3% during the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after purchasing an additional 66 shares during the period. Peoples Financial Services CORP. grew its stake in shares of Boeing by 0.8% during the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after buying an additional 67 shares during the last quarter. GSG Advisors LLC grew its stake in shares of Boeing by 4.7% during the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after buying an additional 67 shares during the last quarter. Bay Rivers Group grew its stake in shares of Boeing by 1.0% during the fourth quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock valued at $1,313,000 after buying an additional 70 shares during the last quarter. Finally, Altus Wealth Group LLC grew its stake in shares of Boeing by 5.7% during the third quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock valued at $201,000 after buying an additional 71 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Citigroup cut their target price on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. TD Cowen dropped their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, October 15th. Susquehanna increased their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average target price of $195.00.
Read Our Latest Research Report on BA
Boeing Trading Down 1.8 %
Shares of BA opened at $176.26 on Monday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63. The stock has a fifty day moving average price of $169.50 and a 200-day moving average price of $164.05. The firm has a market cap of $108.96 billion, a PE ratio of -9.62 and a beta of 1.52.
Boeing (NYSE:BA – Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the firm posted ($0.47) earnings per share. As a group, research analysts forecast that The Boeing Company will post -2.12 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.
See Also
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