Yarbrough Capital LLC Grows Stock Holdings in The Boeing Company (NYSE:BA)

Yarbrough Capital LLC grew its holdings in The Boeing Company (NYSE:BA - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,111 shares of the aircraft producer's stock after acquiring an additional 2,164 shares during the quarter. Boeing accounts for approximately 0.6% of Yarbrough Capital LLC's holdings, making the stock its 26th largest holding. Yarbrough Capital LLC's holdings in Boeing were worth $14,711,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the 3rd quarter worth approximately $28,000. Cedar Wealth Management LLC purchased a new position in Boeing in the third quarter valued at $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing in the second quarter worth about $33,000. Planning Capital Management Corp boosted its stake in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer's stock worth $50,000 after acquiring an additional 289 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in shares of Boeing in the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Stock Up 0.8 %

NYSE:BA traded up $1.29 on Friday, hitting $170.22. The stock had a trading volume of 5,205,191 shares, compared to its average volume of 7,743,889. The company has a fifty day moving average price of $162.40 and a two-hundred day moving average price of $164.98. The stock has a market cap of $105.23 billion, a price-to-earnings ratio of -13.20 and a beta of 1.52. 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 issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share 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. During the same period last year, the firm earned ($3.26) EPS. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, analysts anticipate that The Boeing Company will post -16.43 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the company. JPMorgan Chase & Co. dropped their price objective on Boeing from $195.00 to $190.00 and set an "overweight" rating on the stock in a report on Monday, November 25th. UBS Group decreased their target price on Boeing from $215.00 to $195.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Robert W. Baird cut their price target on shares of Boeing from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. DZ Bank cut shares of Boeing from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Boeing has a consensus rating of "Moderate Buy" and a consensus 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.