960 Shares in The Boeing Company (NYSE:BA) Bought by William B. Walkup & Associates Inc.

William B. Walkup & Associates Inc. acquired a new stake in The Boeing Company (NYSE:BA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 960 shares of the aircraft producer’s stock, valued at approximately $175,000.

A number of other large investors have also modified their holdings of the company. Brio Consultants LLC acquired a new position in Boeing in the 4th quarter worth about $207,000. Gryphon Financial Partners LLC purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $258,000. Rathbones Group PLC increased its position in shares of Boeing by 0.6% in the fourth quarter. Rathbones Group PLC now owns 14,833 shares of the aircraft producer’s stock valued at $3,866,000 after buying an additional 85 shares in the last quarter. KBC Group NV raised its stake in shares of Boeing by 8.2% during the 4th quarter. KBC Group NV now owns 39,196 shares of the aircraft producer’s stock worth $10,217,000 after buying an additional 2,977 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Boeing by 8.0% during the 4th quarter. Jones Financial Companies Lllp now owns 3,162 shares of the aircraft producer’s stock valued at $824,000 after buying an additional 235 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 1.1 %

Boeing stock opened at $156.32 on Monday. The company has a 50-day moving average price of $168.52 and a 200 day moving average price of $176.10. The Boeing Company has a 12-month low of $151.65 and a 12-month high of $267.54. The stock has a market cap of $95.96 billion, a P/E ratio of -44.03 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same period in the prior year, the company earned ($0.82) EPS. Boeing’s revenue was down 14.6% on a year-over-year basis. As a group, analysts forecast that The Boeing Company will post -4.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Jefferies Financial Group cut their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Baird R W raised shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. The Goldman Sachs Group cut their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $119.00 target price (down previously from $185.00) on shares of Boeing in a report on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $209.83.

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.