Versant Capital Management Inc Acquires 274 Shares of The Boeing Company (NYSE:BA)

Versant Capital Management Inc raised its stake in The Boeing Company (NYSE:BA) by 51.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 811 shares of the aircraft producer’s stock after buying an additional 274 shares during the quarter. Versant Capital Management Inc’s holdings in Boeing were worth $143,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the 3rd quarter worth $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the third quarter worth about $30,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing during the second quarter worth about $33,000. Strategic Financial Concepts LLC acquired a new stake in Boeing in the 2nd quarter valued at approximately $41,000. Finally, Planning Capital Management Corp lifted its stake in 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 acquiring an additional 289 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of several research reports. UBS Group decreased their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Morgan Stanley cut their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Jefferies Financial Group cut their price target on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Deutsche Bank Aktiengesellschaft increased their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Citigroup dropped their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Boeing has an average rating of “Hold” and an average target price of $191.16.

Boeing Stock Down 1.1 %

Shares of BA opened at $169.90 on Friday. The stock has a market cap of $105.03 billion, a PE ratio of -13.17 and a beta of 1.56. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $250.19. The business has a 50-day simple moving average of $159.13 and a two-hundred day simple moving average of $165.53.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the company earned ($3.26) earnings per share. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities research analysts expect that The Boeing Company will post -16.18 EPS 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.