Guerra Pan Advisors LLC Boosts Stake in The Boeing Company (NYSE:BA)

Guerra Pan Advisors LLC increased its position in shares of The Boeing Company (NYSE:BA) by 23.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,701 shares of the aircraft producer’s stock after acquiring an additional 2,640 shares during the period. Boeing makes up about 3.4% of Guerra Pan Advisors LLC’s holdings, making the stock its 4th biggest position. Guerra Pan Advisors LLC’s holdings in Boeing were worth $3,571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Blueprint LLC grew its holdings in shares of Boeing by 8.7% during the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after purchasing an additional 264 shares during the last quarter. Rothschild Investment LLC IL grew its holdings in shares of Boeing by 21.1% during the 3rd quarter. Rothschild Investment LLC IL now owns 75,101 shares of the aircraft producer’s stock valued at $14,395,000 after purchasing an additional 13,079 shares during the last quarter. Meridian Wealth Management LLC boosted its position in Boeing by 86.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 24,776 shares of the aircraft producer’s stock valued at $4,749,000 after buying an additional 11,510 shares during the period. Morse Asset Management Inc lifted its position in shares of Boeing by 65.0% in the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock worth $1,533,000 after purchasing an additional 3,152 shares during the period. Finally, Peregrine Asset Advisers Inc. lifted its position in shares of Boeing by 1,335.3% in the 3rd quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock worth $6,985,000 after purchasing an additional 33,904 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on BA. Wells Fargo & Company dropped their target price on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. Sanford C. Bernstein lowered their price target on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Benchmark reissued a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Tuesday, March 26th. Northcoast Research cut shares of Boeing from a “buy” rating to a “neutral” rating in a research report on Friday, February 23rd. Finally, The Goldman Sachs Group reduced their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $233.88.

Boeing Trading Up 1.0 %

BA traded up $1.74 during trading hours on Tuesday, hitting $169.56. The company’s stock had a trading volume of 3,695,352 shares, compared to its average volume of 9,794,523. The business’s 50-day moving average price is $193.45 and its 200-day moving average price is $207.95. The Boeing Company has a 12 month low of $167.53 and a 12 month high of $267.54. The stock has a market cap of $103.46 billion, a price-to-earnings ratio of -45.69, a P/E/G ratio of 115.71 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned ($1.75) EPS. On average, analysts forecast that The Boeing Company will post 0.37 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.