Retirement Solution Inc. Acquires 134 Shares of The Boeing Company (NYSE:BA)

Retirement Solution Inc. increased its holdings in shares of The Boeing Company (NYSE:BA) by 11.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,308 shares of the aircraft producer’s stock after acquiring an additional 134 shares during the period. Retirement Solution Inc.’s holdings in Boeing were worth $341,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CNB Bank lifted its stake in shares of Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after acquiring an additional 66 shares during the last quarter. Naples Money Management LLC purchased a new position in Boeing during the 4th quarter worth $44,000. M&R Capital Management Inc. increased its holdings in Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 50 shares during the period. Keener Financial Planning LLC purchased a new position in Boeing during the 4th quarter worth $52,000. Finally, Park Place Capital Corp increased its holdings in Boeing by 185.1% during the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after purchasing an additional 137 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

Shares of Boeing stock traded down $4.84 on Wednesday, hitting $164.34. The company’s stock had a trading volume of 20,821,575 shares, compared to its average volume of 9,753,916. The Boeing Company has a 1 year low of $162.74 and a 1 year high of $267.54. The firm has a fifty day moving average price of $188.03 and a 200-day moving average price of $206.89. The company has a market capitalization of $100.27 billion, a price-to-earnings ratio of -44.66, a price-to-earnings-growth ratio of 135.00 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter last year, the firm posted ($1.75) earnings per share. Boeing’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, analysts forecast that The Boeing Company will post 0.32 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on BA. Wells Fargo & Company reduced their price objective on Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a report on Thursday, February 1st. UBS Group cut their price target on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Royal Bank of Canada cut their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Stifel Nicolaus cut their price target on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Finally, Morgan Stanley cut their price target on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $226.71.

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.