D.A. Davidson & CO. Buys 5,477 Shares of The Boeing Company (NYSE:BA)

D.A. Davidson & CO. grew its position in The Boeing Company (NYSE:BA - Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 119,834 shares of the aircraft producer's stock after buying an additional 5,477 shares during the period. D.A. Davidson & CO.'s holdings in Boeing were worth $21,211,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in Boeing in the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the 4th quarter worth approximately $28,000. Finally, Cedar Wealth Management LLC bought a new stake in shares of Boeing during the third quarter worth approximately $30,000. Institutional investors own 64.82% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley reduced their price objective on shares of Boeing from $195.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 24th. Susquehanna raised their price target on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Robert W. Baird dropped their price objective on Boeing from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Northcoast Research upgraded Boeing from a "sell" rating to a "neutral" rating in a research report on Thursday, December 12th. Two equities research 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $195.16.

Boeing Stock Performance

NYSE BA traded down $3.54 on Friday, reaching $177.34. The company had a trading volume of 8,971,331 shares, compared to its average volume of 7,792,261. The company's fifty day moving average is $176.74 and its 200-day moving average is $164.39. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10. The firm has a market capitalization of $133.01 billion, a price-to-earnings ratio of -9.68 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last posted 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 period in the prior year, the business earned ($0.47) earnings per share. On average, research analysts forecast that The Boeing Company will post -2.32 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.