Grimes & Company Inc. Has $684,000 Stock Holdings in The Boeing Company (NYSE:BA)

Grimes & Company Inc. lifted its position in shares of The Boeing Company (NYSE:BA) by 25.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,867 shares of the aircraft producer’s stock after purchasing an additional 775 shares during the period. Grimes & Company Inc.’s holdings in Boeing were worth $684,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC acquired a new position in Boeing in the 3rd quarter valued at about $30,000. Albion Financial Group UT grew its stake in Boeing by 116.1% in the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after buying an additional 159 shares during the last quarter. Finally, Planning Capital Management Corp grew its stake in Boeing by 741.0% in the 3rd 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. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. JPMorgan Chase & Co. decreased their price target on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Wells Fargo & Company decreased their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, TD Cowen cut their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $192.11.

Boeing Trading Down 1.4 %

Shares of Boeing stock opened at $175.95 on Friday. The company has a 50 day moving average of $166.42 and a 200-day moving average of $164.56. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63. The company has a market cap of $108.77 billion, a PE ratio of -13.64 and a beta of 1.52.

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 firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the business posted ($3.26) earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts forecast that The Boeing Company will post -16.39 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.