Brighton Jones LLC Has $5.18 Million Stock Holdings in The Boeing Company (NYSE:BA)

Brighton Jones LLC raised its stake in shares of The Boeing Company (NYSE:BA) by 14.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,873 shares of the aircraft producer’s stock after buying an additional 2,433 shares during the period. Brighton Jones LLC’s holdings in Boeing were worth $5,180,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BA. Trust Co. of Vermont raised its holdings in shares of Boeing by 1.0% in the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after purchasing an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC raised its holdings in Boeing by 2.7% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after acquiring an additional 47 shares during the period. WealthPlan Investment Management LLC raised its holdings in Boeing by 1.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after acquiring an additional 49 shares during the period. RB Capital Management LLC raised its holdings in Boeing by 2.7% during the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after acquiring an additional 50 shares during the period. Finally, M&R Capital Management Inc. raised its holdings in Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 3.3 %

Boeing stock traded down $5.65 during midday trading on Tuesday, reaching $167.84. The company’s stock had a trading volume of 8,171,877 shares, compared to its average volume of 9,716,028. The stock’s 50-day simple moving average is $185.92 and its 200-day simple moving average is $206.50. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54.

Boeing (NYSE:BA) last posted 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 firm’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned ($1.75) earnings per share. On average, research analysts anticipate that The Boeing Company will post -0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the subject of a number of recent analyst reports. Northcoast Research lowered shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a research report on Wednesday, April 17th. Sanford C. Bernstein cut their target price on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. UBS Group cut their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. JPMorgan Chase & Co. cut their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, Wells Fargo & Company lowered their price objective on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $222.41.

Boeing Company 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.