Brighton Jones LLC Has $5.18 Million Holdings in The Boeing Company (NYSE:BA)

Brighton Jones LLC lifted its position in The Boeing Company (NYSE:BA) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,873 shares of the aircraft producer’s stock after acquiring an additional 2,433 shares during the quarter. Brighton Jones LLC’s holdings in Boeing were worth $5,180,000 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. Trust Co. of Vermont lifted its position in Boeing by 1.0% during the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after acquiring an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC lifted its holdings in shares of Boeing by 2.7% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after purchasing an additional 47 shares during the last quarter. WealthPlan Investment Management LLC grew its stake in shares of Boeing by 1.0% in the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after buying an additional 49 shares during the last quarter. RB Capital Management LLC raised its stake in Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after buying an additional 50 shares during the last quarter. Finally, M&R Capital Management Inc. lifted its position in Boeing by 35.0% in the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of several recent research reports. Bank of America lowered their price objective on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Royal Bank of Canada decreased their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Edward Jones cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. The Goldman Sachs Group cut their price target on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $222.41.

Boeing Stock Performance

NYSE BA traded down $5.65 during trading hours on Tuesday, reaching $167.84. The company’s stock had a trading volume of 8,171,877 shares, compared to its average volume of 9,716,028. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The company’s 50-day moving average is $185.92 and its two-hundred day moving average is $206.50.

Boeing (NYSE:BA) last posted its quarterly 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 analyst estimates of $21.14 billion. The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.75) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -0.3 EPS for the current fiscal year.

Boeing Company 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.