Claro Advisors LLC Purchases 385 Shares of The Boeing Company (NYSE:BA)

Claro Advisors LLC lifted its position in shares of The Boeing Company (NYSE:BAFree Report) by 30.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,668 shares of the aircraft producer’s stock after purchasing an additional 385 shares during the quarter. Claro Advisors LLC’s holdings in Boeing were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. CNB Bank increased its position in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares in the last quarter. VisionPoint Advisory Group LLC bought a new position in shares of Boeing during the second quarter valued at $32,000. True Wealth Design LLC bought a new position in Boeing in the 4th quarter worth about $33,000. Park Place Capital Corp grew its position in Boeing by 185.1% during the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after purchasing an additional 137 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new stake in Boeing during the 4th quarter valued at about $41,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Down 1.8 %

Boeing stock opened at $189.51 on Tuesday. The Boeing Company has a 12-month low of $176.25 and a 12-month high of $267.54. The firm has a market capitalization of $115.63 billion, a price-to-earnings ratio of -51.49, a P/E/G ratio of 48.46 and a beta of 1.52. The firm has a 50 day moving average of $199.78 and a 200 day moving average of $209.59.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings data 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 firm had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.75) earnings per share. On average, analysts predict that The Boeing Company will post 1 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BA. The Goldman Sachs Group cut their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Wells Fargo & Company reduced their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a report on Thursday, February 1st. Susquehanna dropped their price objective on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research report on Thursday, March 21st. Edward Jones cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $235.00 price target on shares of Boeing in a research note on Monday, March 25th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.53.

View Our Latest Research Report 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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