D.A. Davidson & CO. Buys 5,477 Shares of The Boeing Company (NYSE:BA)

D.A. Davidson & CO. raised its stake in shares of The Boeing Company (NYSE:BA) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,834 shares of the aircraft producer’s stock after acquiring an additional 5,477 shares during the quarter. D.A. Davidson & CO.’s holdings in Boeing were worth $21,211,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BA. Sierra Ocean LLC bought a new stake in Boeing during the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing in the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the third quarter worth $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the fourth quarter valued at $28,000. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Boeing in the third quarter valued at $30,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on BA shares. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Robert W. Baird cut their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Price Performance

BA stock opened at $184.52 on Tuesday. The stock has a market cap of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52. The company has a fifty day moving average price of $174.96 and a two-hundred day moving average price of $163.90. The Boeing Company has a one year low of $137.03 and a one year high of $208.10.

Boeing (NYSE:BA) last issued 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 period in the previous year, the business posted ($0.47) EPS. Research analysts anticipate that The Boeing Company will post -2.3 EPS for the current fiscal 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.