Naples Money Management LLC Buys Shares of 170 The Boeing Company (NYSE:BA)

Naples Money Management LLC bought a new stake in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 170 shares of the aircraft producer’s stock, valued at approximately $44,000.

Other hedge funds have also recently added to or reduced their stakes in the company. United Bank lifted its holdings in shares of Boeing by 4.7% in the first quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock valued at $964,000 after buying an additional 226 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Boeing by 1,064.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock valued at $163,000 after buying an additional 777 shares during the period. Panagora Asset Management Inc. lifted its holdings in shares of Boeing by 68.0% in the first quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock valued at $1,362,000 after buying an additional 2,879 shares during the period. Prudential PLC acquired a new stake in shares of Boeing in the first quarter valued at $836,000. Finally, Dakota Wealth Management lifted its holdings in shares of Boeing by 26.7% in the first quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock valued at $408,000 after buying an additional 448 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BA shares. Morgan Stanley cut their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th. Bank of America cut their target price on Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. The Goldman Sachs Group cut 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. Sanford C. Bernstein cut their target price on Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. Finally, Northcoast Research lowered Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.35.

Boeing Stock Performance

BA opened at $169.82 on Friday. The company has a market cap of $103.61 billion, a PE ratio of -46.15, a price-to-earnings-growth ratio of 134.80 and a beta of 1.52. The stock has a 50-day moving average of $190.29 and a 200-day moving average of $207.16. The Boeing Company has a 52-week low of $167.53 and a 52-week high of $267.54.

Boeing (NYSE:BA) last released its quarterly 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 company had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company posted ($1.75) EPS. On average, research analysts predict that The Boeing Company will post 0.32 earnings per share 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.