Americana Partners LLC Boosts Stake in The Boeing Company (NYSE:BA)

Americana Partners LLC grew its stake in The Boeing Company (NYSE:BA) by 598.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,695 shares of the aircraft producer’s stock after purchasing an additional 42,581 shares during the quarter. Americana Partners LLC’s holdings in Boeing were worth $8,796,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of BA. Exchange Traded Concepts LLC raised its stake in shares of Boeing by 691.3% in the 3rd 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. Aaron Wealth Advisors LLC raised its stake in shares of Boeing by 18.7% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 2,029 shares of the aircraft producer’s stock valued at $308,000 after purchasing an additional 320 shares in the last quarter. Trust Point Inc. raised its stake in shares of Boeing by 3.0% in the 3rd quarter. Trust Point Inc. now owns 2,471 shares of the aircraft producer’s stock valued at $376,000 after purchasing an additional 73 shares in the last quarter. Inspire Advisors LLC raised its stake in shares of Boeing by 8.1% in the 3rd quarter. Inspire Advisors LLC now owns 2,844 shares of the aircraft producer’s stock valued at $432,000 after purchasing an additional 214 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Boeing by 11.0% in the 3rd quarter. Blue Trust Inc. now owns 15,950 shares of the aircraft producer’s stock valued at $2,425,000 after purchasing an additional 1,586 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $184.52 on Monday. The firm has a 50 day simple moving average of $174.96 and a 200-day simple moving average of $164.09. The stock has a market capitalization of $138.40 billion, a PE ratio of -10.07 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BA shares. Wells Fargo & Company increased their price objective on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Finally, Citigroup increased their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Profile

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.