The Boeing Company (NYSE:BA) Shares Purchased by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. increased its position in The Boeing Company (NYSE:BA) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,608 shares of the aircraft producer’s stock after buying an additional 59 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Boeing were worth $1,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its position in Boeing by 9.3% during the third quarter. CWM LLC now owns 26,552 shares of the aircraft producer’s stock valued at $4,037,000 after purchasing an additional 2,249 shares during the period. Quotient Wealth Partners LLC lifted its holdings in shares of Boeing by 23.6% in the 3rd quarter. Quotient Wealth Partners LLC now owns 1,530 shares of the aircraft producer’s stock valued at $233,000 after buying an additional 292 shares during the period. Watts Gwilliam & Co. LLC purchased a new stake in shares of Boeing in the third quarter worth about $365,000. JGP Wealth Management LLC grew its holdings in Boeing by 18.7% during the third quarter. JGP Wealth Management LLC now owns 1,398 shares of the aircraft producer’s stock worth $213,000 after acquiring an additional 220 shares during the period. Finally, Next Level Private LLC raised its position in Boeing by 50.1% during the third quarter. Next Level Private LLC now owns 22,621 shares of the aircraft producer’s stock valued at $3,439,000 after acquiring an additional 7,551 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 1.8 %

Shares of NYSE BA opened at $181.51 on Friday. The company has a 50-day moving average of $172.22 and a 200 day moving average of $164.29. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $213.10. The stock has a market cap of $136.14 billion, a PE ratio of -9.91 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the business earned ($0.47) earnings per share. On average, sell-side analysts forecast that The Boeing Company will post -2.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on BA. Robert W. Baird lowered their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Citigroup dropped their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

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.