Wilmington Savings Fund Society FSB Has $3.27 Million Holdings in The Boeing Company (NYSE:BA)

Wilmington Savings Fund Society FSB lifted its position in The Boeing Company (NYSE:BA) by 8.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,447 shares of the aircraft producer’s stock after acquiring an additional 1,394 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Boeing were worth $3,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the third quarter worth about $28,000. Fiduciary Advisors Inc. bought a new position in Boeing during the fourth quarter worth about $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing during the third quarter valued at approximately $30,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Boeing in the 4th quarter valued at approximately $33,000. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of BA opened at $181.51 on Friday. The company has a market cap of $136.14 billion, a PE ratio of -9.91 and a beta of 1.52. The firm has a 50-day moving average of $172.22 and a 200-day moving average of $164.29. The Boeing Company has a one year low of $137.03 and a one year high of $213.10.

Boeing (NYSE:BA) last posted its quarterly 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 period last year, the company posted ($0.47) earnings per share. Analysts expect that The Boeing Company will post -2.3 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on BA shares. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Citigroup reduced their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Morgan Stanley lowered their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Wells Fargo & Company upped their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average price target of $195.00.

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.