Evolution Advisers Inc. Purchases New Stake in The Boeing Company (NYSE:BA)

Evolution Advisers Inc. purchased a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 110 shares of the aircraft producer’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BA. DAVENPORT & Co LLC grew its stake in shares of Boeing by 2.2% in the third quarter. DAVENPORT & Co LLC now owns 24,850 shares of the aircraft producer’s stock valued at $4,763,000 after buying an additional 545 shares in the last quarter. Park Place Capital Corp grew its stake in shares of Boeing by 185.1% in the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after buying an additional 137 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Boeing by 81.0% in the third quarter. GHP Investment Advisors Inc. now owns 1,788 shares of the aircraft producer’s stock valued at $331,000 after buying an additional 800 shares in the last quarter. B.O.S.S. Retirement Advisors LLC grew its stake in shares of Boeing by 26.7% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 1,498 shares of the aircraft producer’s stock valued at $287,000 after buying an additional 316 shares in the last quarter. Finally, Strategic Blueprint LLC grew its stake in shares of Boeing by 24.4% in the third quarter. Strategic Blueprint LLC now owns 3,031 shares of the aircraft producer’s stock valued at $581,000 after buying an additional 595 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 1.5 %

BA stock traded up $2.48 during trading on Thursday, hitting $166.81. The company had a trading volume of 12,448,376 shares, compared to its average volume of 9,789,682. The firm has a market cap of $101.78 billion, a PE ratio of -45.33, a price-to-earnings-growth ratio of 133.97 and a beta of 1.52. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The firm has a 50-day moving average price of $187.26 and a 200-day moving average price of $206.61.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the firm posted ($1.75) EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on BA. Morgan Stanley decreased their target price on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Citigroup decreased their target price on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank of Canada decreased their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Susquehanna decreased their target price on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. Finally, Wells Fargo & Company decreased their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.41.

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.