Roble Belko & Company Inc Has $214,000 Stock Position in The Boeing Company (NYSE:BA)

Roble Belko & Company Inc raised its stake in The Boeing Company (NYSE:BA) by 155.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 822 shares of the aircraft producer’s stock after buying an additional 500 shares during the period. Roble Belko & Company Inc’s holdings in Boeing were worth $214,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Boeing by 0.8% during the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after purchasing an additional 356,496 shares during the period. Morgan Stanley lifted its holdings in shares of Boeing by 1.1% during the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after purchasing an additional 91,801 shares during the period. Northern Trust Corp lifted its holdings in shares of Boeing by 3.2% during the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock worth $949,042,000 after purchasing an additional 153,168 shares during the period. Jennison Associates LLC acquired a new position in shares of Boeing during the fourth quarter worth $960,397,000. Finally, Invesco Ltd. lifted its holdings in shares of Boeing by 30.1% during the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after purchasing an additional 759,267 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA traded up $0.71 during midday trading on Monday, hitting $170.53. 4,705,913 shares of the company’s stock were exchanged, compared to its average volume of 9,638,274. The stock has a 50 day moving average price of $189.51 and a 200-day moving average price of $207.32. The company has a market cap of $104.05 billion, a PE ratio of -46.34, a price-to-earnings-growth ratio of 134.48 and a beta of 1.52. The Boeing Company has a 12 month low of $167.53 and a 12 month high of $267.54.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business 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 period in the previous year, the firm earned ($1.75) earnings per share. On average, analysts anticipate that The Boeing Company will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BA. Royal Bank of Canada cut their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Melius restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. TD Cowen dropped their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Tuesday, March 26th. Finally, Sanford C. Bernstein dropped their target price on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $226.71.

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.