New Potomac Partners LLC Makes New Investment in The Boeing Company (NYSE:BA)

New Potomac Partners LLC acquired a new position in shares of The Boeing Company (NYSE:BAFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 810 shares of the aircraft producer’s stock, valued at approximately $211,000.

Several other large investors also recently added to or reduced their stakes in BA. Bollard Group LLC raised its position in shares of Boeing by 10.6% during the 2nd quarter. Bollard Group LLC now owns 469 shares of the aircraft producer’s stock valued at $99,000 after buying an additional 45 shares during the period. Trust Co. of Vermont raised its position in shares of Boeing by 1.0% during the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after buying an additional 45 shares during the period. Waverly Advisors LLC raised 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 valued at $1,527,000 after buying an additional 49 shares during the period. WealthPlan Investment Management LLC raised its position in shares of Boeing by 1.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after buying an additional 49 shares during the period. Finally, Graves Light Lenhart Wealth Inc. raised its position in Boeing by 3.4% in the second quarter. Graves Light Lenhart Wealth Inc. now owns 1,540 shares of the aircraft producer’s stock valued at $325,000 after purchasing an additional 50 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of BA stock opened at $192.99 on Friday. The Boeing Company has a 1-year low of $176.25 and a 1-year high of $267.54. The firm has a fifty day moving average of $199.78 and a two-hundred day moving average of $209.59. The firm has a market cap of $117.75 billion, a P/E ratio of -52.44, a P/E/G ratio of 48.46 and a beta of 1.52.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same period last year, the firm posted ($1.75) earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts expect that The Boeing Company will post 1 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on BA shares. TD Cowen cut their target price on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Royal Bank of Canada lowered their target price on shares of Boeing from $285.00 to $260.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. The Goldman Sachs Group lowered their target price on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Tuesday, March 26th. Finally, Bank of America reduced their target price on shares of Boeing from $225.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $241.53.

Get Our Latest Stock Analysis on Boeing

About Boeing

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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