WestHill Financial Advisors Inc. Buys New Holdings in The Boeing Company (NYSE:BA)

WestHill Financial Advisors Inc. acquired a new position in The Boeing Company (NYSE:BA) during the 4th quarter, HoldingsChannel reports. The fund acquired 955 shares of the aircraft producer’s stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Trust Co. of Vermont grew its stake in Boeing by 1.0% in the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after purchasing an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC lifted its position in shares of Boeing by 2.7% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 47 shares during the last quarter. Waverly Advisors LLC lifted its position in shares of Boeing by 0.6% during the 4th quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock worth $1,527,000 after purchasing an additional 49 shares during the last quarter. WealthPlan Investment Management LLC increased its stake in Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after acquiring an additional 49 shares during the period. Finally, RB Capital Management LLC increased its stake in Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BA shares. Citigroup lowered their price objective on Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective on the stock. in a report on Wednesday. Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Bank of America reduced their price objective on Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, April 11th. Finally, The Goldman Sachs Group reduced their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $229.35.

Boeing Stock Up 0.8 %

Boeing stock traded up $1.43 during mid-day trading on Thursday, hitting $171.64. 1,908,913 shares of the company’s stock were exchanged, compared to its average volume of 9,725,918. The firm has a market capitalization of $104.72 billion, a P/E ratio of -46.73, a PEG ratio of 116.39 and a beta of 1.52. The company’s 50 day simple moving average is $191.86 and its 200-day simple moving average is $207.54. The Boeing Company has a fifty-two week low of $167.53 and a fifty-two week high of $267.54.

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