Beacon Capital Management LLC Has $302,000 Stock Position in The Boeing Company (NYSE:BA)

Beacon Capital Management LLC increased its position in shares of The Boeing Company (NYSE:BA) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,709 shares of the aircraft producer’s stock after acquiring an additional 65 shares during the quarter. Beacon Capital Management LLC’s holdings in Boeing were worth $302,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Ellis Investment Partners LLC raised its stake in Boeing by 10.2% during the 4th quarter. Ellis Investment Partners LLC now owns 2,907 shares of the aircraft producer’s stock valued at $515,000 after purchasing an additional 270 shares during the period. Guyasuta Investment Advisors Inc. raised its position in Boeing by 13.8% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 8,445 shares of the aircraft producer’s stock valued at $1,495,000 after buying an additional 1,025 shares during the period. Aveo Capital Partners LLC lifted its stake in Boeing by 56.1% in the 4th quarter. Aveo Capital Partners LLC now owns 50,626 shares of the aircraft producer’s stock worth $8,961,000 after acquiring an additional 18,193 shares in the last quarter. Manchester Capital Management LLC boosted its position in Boeing by 3.2% during the 4th quarter. Manchester Capital Management LLC now owns 3,203 shares of the aircraft producer’s stock worth $567,000 after acquiring an additional 98 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its stake in Boeing by 88.9% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 7,639 shares of the aircraft producer’s stock valued at $1,352,000 after acquiring an additional 3,594 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Susquehanna upped their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Citigroup lifted their price objective on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Boeing Stock Down 0.5 %

NYSE BA opened at $184.52 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The stock has a market cap of $138.40 billion, a P/E ratio of -10.07 and a beta of 1.52. The company’s 50-day simple moving average is $174.96 and its 200 day simple moving average is $164.24.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the company posted ($0.47) earnings per share. Research analysts anticipate that The Boeing Company will post -2.3 earnings per share for the current year.

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.