Breakwater Capital Group Has $522,000 Stake in The Boeing Company (NYSE:BA)

Breakwater Capital Group grew its position in The Boeing Company (NYSE:BA) by 17.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,949 shares of the aircraft producer’s stock after buying an additional 437 shares during the quarter. Breakwater Capital Group’s holdings in Boeing were worth $522,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the third quarter valued at about $28,000. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing in the 2nd quarter valued at about $33,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing in the third quarter valued at about $30,000. Fairscale Capital LLC acquired a new stake in shares of Boeing in the second quarter valued at about $59,000. Finally, Planning Capital Management Corp raised its position in shares of Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $167.17 on Wednesday. The firm has a market capitalization of $103.34 billion, a P/E ratio of -12.96 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59. The stock has a 50 day moving average price of $162.02 and a two-hundred day moving average price of $164.97.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.26) earnings per share. On average, equities analysts forecast that The Boeing Company will post -16.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BA. Jefferies Financial Group reduced their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Wells Fargo & Company cut their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Benchmark reaffirmed a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Morgan Stanley dropped their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $192.21.

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.