Calton & Associates Inc. Acquires 4,939 Shares of The Boeing Company (NYSE:BA)

Calton & Associates Inc. raised its holdings in The Boeing Company (NYSE:BA) by 278.4% in the fourth quarter, Holdings Channel reports. The firm owned 6,713 shares of the aircraft producer’s stock after purchasing an additional 4,939 shares during the period. Calton & Associates Inc.’s holdings in Boeing were worth $1,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Clearbridge Investments LLC increased its position in Boeing by 6,763.5% in the second quarter. Clearbridge Investments LLC now owns 287,237 shares of the aircraft producer’s stock worth $52,280,000 after buying an additional 283,052 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Boeing in the 2nd quarter worth about $82,000. Sanctuary Advisors LLC bought a new stake in Boeing in the 2nd quarter valued at about $21,405,000. Heritage Wealth Management Inc. purchased a new stake in Boeing during the second quarter valued at about $483,000. Finally, Czech National Bank boosted its position in Boeing by 8.4% during the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after purchasing an additional 9,281 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. TD Cowen cut their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Robert W. Baird decreased their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, 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 report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Trading Up 3.3 %

Boeing stock opened at $179.47 on Friday. The firm has a market cap of $110.95 billion, a P/E ratio of -13.91 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63. The firm has a 50-day moving average of $168.24 and a 200-day moving average of $164.26.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the company posted ($0.47) earnings per share. Research analysts forecast that The Boeing Company will post -16.39 earnings per share for the current fiscal 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.