Apella Capital LLC Purchases 744 Shares of The Boeing Company (NYSE:BA)

Apella Capital LLC grew its position in The Boeing Company (NYSE:BA) by 9.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,672 shares of the aircraft producer’s stock after buying an additional 744 shares during the quarter. Apella Capital LLC’s holdings in Boeing were worth $1,535,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. grew its holdings in Boeing by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock worth $8,189,000 after acquiring an additional 7,739 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Boeing by 10.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 556,361 shares of the aircraft producer’s stock valued at $101,263,000 after acquiring an additional 50,767 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of Boeing by 435.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 27,295 shares of the aircraft producer’s stock worth $4,968,000 after acquiring an additional 22,201 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Boeing by 8.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,277,289 shares of the aircraft producer’s stock worth $232,479,000 after purchasing an additional 98,973 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its position in Boeing by 11.0% during the second quarter. Citizens Financial Group Inc. RI now owns 31,252 shares of the aircraft producer’s stock valued at $5,688,000 after purchasing an additional 3,101 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Robert W. Baird reduced their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. TD Cowen decreased their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Finally, Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Trading Down 2.0 %

Shares of NYSE:BA opened at $167.17 on Wednesday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59. The company has a market cap of $103.34 billion, a PE ratio of -12.96 and a beta of 1.52. The company’s 50 day moving average is $162.02 and its 200 day moving average is $164.97.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($3.26) EPS. Equities research analysts predict that The Boeing Company will post -16.18 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.