Park Avenue Securities LLC Increases Stock Position in The Boeing Company (NYSE:BA)

Park Avenue Securities LLC raised its position in The Boeing Company (NYSE:BA - Free Report) by 23.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,486 shares of the aircraft producer's stock after acquiring an additional 2,202 shares during the quarter. Park Avenue Securities LLC's holdings in Boeing were worth $2,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the 3rd quarter valued at about $28,000. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing in the second quarter valued at approximately $33,000. Cedar Wealth Management LLC acquired a new stake in Boeing during the third quarter worth approximately $30,000. Fairscale Capital LLC purchased a new stake in shares of Boeing during the 2nd quarter worth approximately $59,000. Finally, Planning Capital Management Corp boosted its holdings in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer's stock valued at $50,000 after buying an additional 289 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Performance

NYSE:BA traded up $2.21 during trading hours on Friday, hitting $171.14. The company's stock had a trading volume of 9,537,359 shares, compared to its average volume of 9,471,018. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59. The business's 50-day moving average is $163.15 and its two-hundred day moving average is $164.75. The company has a market capitalization of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) 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 analyst estimates of $17.81 billion. The firm's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned ($3.26) EPS. As a group, analysts predict that The Boeing Company will post -16.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on BA shares. JPMorgan Chase & Co. cut their price target on shares of Boeing from $195.00 to $190.00 and set an "overweight" rating on the stock in a research note on Monday, November 25th. Citigroup reduced their target price on Boeing from $224.00 to $209.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. DZ Bank cut Boeing from a "buy" rating to a "hold" rating and set a $152.00 target price for the company. in a research report on Tuesday, October 15th. UBS Group cut their price target on Boeing from $215.00 to $195.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Finally, Jefferies Financial Group decreased their price objective on Boeing from $270.00 to $240.00 and set a "buy" rating for the company in a report on Monday, September 23rd. Two investment 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 company's stock. Based on data from MarketBeat, the company currently has a consensus 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.