Certuity LLC Has $5.93 Million Position in The Boeing Company (NYSE:BA)

Certuity LLC raised its position in The Boeing Company (NYSE:BA) by 2,118.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 33,505 shares of the aircraft producer’s stock after acquiring an additional 31,995 shares during the period. Certuity LLC’s holdings in Boeing were worth $5,930,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its position in Boeing by 691.3% in the third quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock valued at $262,000 after purchasing an additional 1,507 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Boeing during the 3rd quarter worth about $141,000. NBC Securities Inc. grew its holdings in shares of Boeing by 11.7% in the 3rd quarter. NBC Securities Inc. now owns 5,636 shares of the aircraft producer’s stock valued at $856,000 after acquiring an additional 592 shares in the last quarter. Edge Wealth Management LLC increased its position in shares of Boeing by 11.5% in the third quarter. Edge Wealth Management LLC now owns 2,897 shares of the aircraft producer’s stock valued at $440,000 after acquiring an additional 298 shares during the last quarter. Finally, Ullmann Wealth Partners Group LLC raised its holdings in Boeing by 28.6% during the third quarter. Ullmann Wealth Partners Group LLC now owns 1,614 shares of the aircraft producer’s stock worth $245,000 after acquiring an additional 359 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $180.51 on Wednesday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $209.80. The stock has a market capitalization of $135.39 billion, a price-to-earnings ratio of -9.85 and a beta of 1.52. The company’s 50 day simple moving average is $172.70 and its 200 day simple moving average is $163.99.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the business earned ($0.47) earnings per share. As a group, analysts anticipate that The Boeing Company will post -2.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on BA. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Robert W. Baird lowered their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price target on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley cut their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.16.

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.