Versant Capital Management Inc Has $143,000 Stock Holdings in The Boeing Company (NYSE:BA)

Versant Capital Management Inc increased its stake in The Boeing Company (NYSE:BA) by 51.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 811 shares of the aircraft producer’s stock after acquiring 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.

Several other institutional investors have also added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the 3rd quarter valued at $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing during the 3rd quarter worth about $30,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing in the 2nd quarter worth about $33,000. Strategic Financial Concepts LLC bought a new stake in shares of Boeing during the 2nd quarter valued at about $41,000. Finally, Planning Capital Management Corp grew its stake in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BA. Susquehanna cut their price target on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. TD Cowen cut their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, UBS Group reduced their target price on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $191.16.

Boeing Price Performance

Shares of BA stock opened at $169.90 on Friday. The firm has a 50-day moving average of $159.13 and a 200-day moving average of $165.53. The Boeing Company has a one year low of $137.03 and a one year high of $250.19. The company has a market cap of $105.03 billion, a P/E ratio of -13.17 and a beta of 1.56.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the business posted ($3.26) EPS. The business’s revenue was down 1.5% on a year-over-year basis. As a group, research analysts expect that The Boeing Company will post -16.18 earnings per share for the current fiscal 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.