The Boeing Company (NYSE:BA) Shares Acquired by Tufton Capital Management

Tufton Capital Management lifted its stake in shares of The Boeing Company (NYSE:BA) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,015 shares of the aircraft producer’s stock after buying an additional 135 shares during the period. Tufton Capital Management’s holdings in Boeing were worth $786,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BA. CNB Bank lifted its position in Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares during the period. True Wealth Design LLC acquired a new position in Boeing during the fourth quarter valued at $33,000. Park Place Capital Corp lifted its position in Boeing by 185.1% during the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after purchasing an additional 137 shares during the period. Industrial Alliance Investment Management Inc. acquired a new position in Boeing during the fourth quarter valued at $41,000. Finally, Fortis Capital Advisors LLC increased its holdings in Boeing by 100.0% in the first quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock valued at $42,000 after buying an additional 100 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 0.6 %

Boeing stock traded up $0.97 during mid-day trading on Thursday, reaching $171.18. 2,135,321 shares of the company’s stock were exchanged, compared to its average volume of 9,727,537. The company has a market cap of $104.44 billion, a P/E ratio of -46.73, a P/E/G ratio of 116.39 and a beta of 1.52. The Boeing Company has a twelve month low of $167.53 and a twelve month high of $267.54. The company has a fifty day moving average of $191.86 and a 200-day moving average of $207.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter last year, the company earned ($1.75) earnings per share. Boeing’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities research analysts expect that The Boeing Company will post 0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BA. Susquehanna cut their price objective on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. TD Cowen cut their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 25th. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a report on Wednesday. The Goldman Sachs Group cut their price objective on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Finally, Edward Jones cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $229.35.

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.