Evolution Advisers Inc. Acquires New Position in The Boeing Company (NYSE:BA)

Evolution Advisers Inc. acquired a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 110 shares of the aircraft producer’s stock, valued at approximately $28,000.

Several other large investors have also bought and sold shares of BA. Vanguard Group Inc. raised its holdings in shares of Boeing by 0.8% during the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after acquiring an additional 356,496 shares during the period. Morgan Stanley raised its holdings in shares of Boeing by 1.1% during the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after acquiring an additional 91,801 shares during the period. Northern Trust Corp grew its position in Boeing by 3.2% in the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock valued at $949,042,000 after purchasing an additional 153,168 shares in the last quarter. Jennison Associates LLC bought a new position in Boeing in the fourth quarter valued at $960,397,000. Finally, Invesco Ltd. grew its position in Boeing by 30.1% in the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock valued at $628,599,000 after purchasing an additional 759,267 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Up 1.5 %

BA traded up $2.48 during trading on Thursday, reaching $166.81. 12,448,376 shares of the company’s stock were exchanged, compared to its average volume of 9,789,682. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The stock has a market capitalization of $101.78 billion, a PE ratio of -45.33, a price-to-earnings-growth ratio of 133.97 and a beta of 1.52. The firm has a fifty day moving average price of $187.26 and a two-hundred day moving average price of $206.61.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same period in the previous year, the firm earned ($1.75) earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year. Sell-side analysts expect that The Boeing Company will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. TD Cowen decreased their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Benchmark reissued a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Tuesday, March 26th. Melius Research reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Finally, Edward Jones downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $222.41.

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.