Bourne Lent Asset Management Inc. Grows Holdings in The Boeing Company (NYSE:BA)

Bourne Lent Asset Management Inc. grew its holdings in shares of The Boeing Company (NYSE:BA) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,550 shares of the aircraft producer’s stock after buying an additional 200 shares during the quarter. Bourne Lent Asset Management Inc.’s holdings in Boeing were worth $274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sugar Maple Asset Management LLC bought a new position in Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing during the third quarter worth $28,000. Cedar Wealth Management LLC bought a new stake in Boeing in the third quarter valued at $30,000. Planning Capital Management Corp lifted its stake in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 289 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in Boeing in the third quarter valued at $58,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BA. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lowered their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a report on Monday, November 25th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

Boeing Trading Up 2.7 %

Shares of BA opened at $175.63 on Wednesday. The business’s 50-day moving average price is $163.59 and its 200 day moving average price is $164.52. The stock has a market capitalization of $108.58 billion, a P/E ratio of -13.61 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($3.26) earnings per share. On average, research analysts predict that The Boeing Company will post -16.43 earnings per share for the current year.

About Boeing

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.