Verum Partners LLC Takes $213,000 Position in The Boeing Company (NYSE:BA)

Verum Partners LLC bought a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 815 shares of the aircraft producer’s stock, valued at approximately $213,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Boeing by 0.8% during the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after buying an additional 356,496 shares during the last quarter. BlackRock Inc. grew its position in Boeing by 2.4% during the 2nd quarter. BlackRock Inc. now owns 36,819,108 shares of the aircraft producer’s stock worth $7,774,723,000 after acquiring an additional 868,582 shares during the last quarter. State Street Corp increased its holdings in Boeing by 1.5% during the 2nd quarter. State Street Corp now owns 26,416,857 shares of the aircraft producer’s stock valued at $5,578,184,000 after purchasing an additional 392,811 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in Boeing by 109,667.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after purchasing an additional 16,041,103 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after purchasing an additional 91,801 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $235.00 price target on shares of Boeing in a report on Monday. Stifel Nicolaus reiterated a “buy” rating and set a $270.00 target price on shares of Boeing in a research report on Monday. Edward Jones lowered shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Barclays increased their price objective on Boeing from $210.00 to $235.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 6th. Finally, JPMorgan Chase & Co. dropped their target price on Boeing from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average price target of $242.65.

Boeing Stock Performance

BA stock traded up $4.46 during midday trading on Wednesday, hitting $191.96. 7,362,382 shares of the company’s stock were exchanged, compared to its average volume of 10,518,623. The company has a market cap of $117.12 billion, a PE ratio of -51.89, a price-to-earnings-growth ratio of 30.94 and a beta of 1.52. The stock’s fifty day moving average price is $200.81 and its 200-day moving average price is $209.96. The Boeing Company has a one year low of $176.25 and a one year high of $267.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted ($1.75) earnings per share. On average, analysts expect that The Boeing Company will post 1.55 EPS for the current year.

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.