Carnegie Investment Counsel Increases Stock Holdings in The Boeing Company (NYSE:BA)

Carnegie Investment Counsel increased its holdings in The Boeing Company (NYSE:BA - Free Report) by 175.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,619 shares of the aircraft producer's stock after acquiring an additional 2,943 shares during the quarter. Carnegie Investment Counsel's holdings in Boeing were worth $818,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Beech Hill Advisors Inc. boosted its position in Boeing by 5.5% during the 4th quarter. Beech Hill Advisors Inc. now owns 13,855 shares of the aircraft producer's stock valued at $2,452,000 after acquiring an additional 718 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Boeing by 47.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,419 shares of the aircraft producer's stock worth $782,000 after buying an additional 1,421 shares during the period. Builder Investment Group Inc. ADV acquired a new stake in shares of Boeing in the fourth quarter worth $222,000. West Financial Advisors LLC raised its holdings in shares of Boeing by 46.2% during the fourth quarter. West Financial Advisors LLC now owns 633 shares of the aircraft producer's stock worth $112,000 after purchasing an additional 200 shares during the last quarter. Finally, Winch Advisory Services LLC raised its stake in shares of Boeing by 56.1% during the 4th quarter. Winch Advisory Services LLC now owns 618 shares of the aircraft producer's stock valued at $109,000 after buying an additional 222 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 1.3 %

BA stock traded up $2.21 during trading on Friday, reaching $171.14. 9,537,359 shares of the stock were exchanged, compared to its average volume of 9,471,018. The firm has a market capitalization of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52. The business has a 50 day moving average price of $163.15 and a 200-day moving average price of $164.75. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $217.59.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate 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. The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($3.26) earnings per share. On average, research analysts anticipate that The Boeing Company will post -16.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BA shares. Sanford C. Bernstein cut shares of Boeing from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Citigroup reduced their target price on Boeing from $224.00 to $209.00 and set a "buy" rating for the company in a research note on Tuesday, October 15th. UBS Group dropped their price target on shares of Boeing from $215.00 to $195.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Finally, Susquehanna dropped their target price on shares of Boeing from $210.00 to $200.00 and set a "positive" rating on the stock in a research report on Thursday, October 24th. Two 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. Based on data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.21.

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.