Toroso Investments LLC grew its stake in shares of Boeing Co (NYSE:BA) by 14.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,541 shares of the aircraft producer’s stock after acquiring an additional 195 shares during the period. Toroso Investments LLC’s holdings in Boeing were worth $230,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of BA. TLW Wealth Management LLC lifted its position in Boeing by 45.5% during the fourth quarter. TLW Wealth Management LLC now owns 12,176 shares of the aircraft producer’s stock worth $3,966,000 after acquiring an additional 3,808 shares during the last quarter. Savior LLC acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $36,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $622,000. Executive Wealth Management LLC acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $510,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $1,756,000. Hedge funds and other institutional investors own 65.59% of the company’s stock.
NYSE BA opened at $137.53 on Friday. The firm’s fifty day moving average price is $135.22 and its two-hundred day moving average price is $264.07. The stock has a market cap of $78.44 billion, a PE ratio of -22.69 and a beta of 1.45. Boeing Co has a fifty-two week low of $89.00 and a fifty-two week high of $391.00.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 29th. The aircraft producer reported ($1.70) earnings per share for the quarter, topping the consensus estimate of ($2.04) by $0.34. Boeing had a negative net margin of 4.84% and a negative return on equity of 3.08%. The company had revenue of $16.91 billion for the quarter, compared to analysts’ expectations of $16.90 billion. During the same quarter in the previous year, the firm posted $3.16 earnings per share. Boeing’s revenue for the quarter was down 26.2% on a year-over-year basis. As a group, analysts expect that Boeing Co will post -5.05 EPS for the current year.
A number of research firms have recently weighed in on BA. Barclays reiterated a “neutral” rating and issued a $125.00 price target on shares of Boeing in a research report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $185.00 price target on shares of Boeing in a research report on Tuesday, March 24th. Zacks Investment Research downgraded shares of Boeing from a “hold” rating to a “sell” rating and set a $146.00 price target for the company. in a research report on Friday, April 24th. Robert W. Baird dropped their price target on shares of Boeing from $322.00 to $183.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Finally, Buckingham Research lifted their price objective on shares of Boeing from $308.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $231.04.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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