StrategIQ Financial Group LLC bought a new position in The Boeing Company (NYSE:BA – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,155 shares of the aircraft producer’s stock, valued at approximately $232,000.
Other hedge funds have also recently modified their holdings of the company. PFG Private Wealth Management LLC purchased a new position in Boeing in the 3rd quarter worth $26,000. Blue Bell Private Wealth Management LLC purchased a new position in Boeing in the 4th quarter worth $27,000. Strategic Asset Management LLC raised its stake in Boeing by 102.9% in the 4th quarter. Strategic Asset Management LLC now owns 138 shares of the aircraft producer’s stock worth $28,000 after acquiring an additional 70 shares during the last quarter. Global Trust Asset Management LLC raised its stake in Boeing by 1,427.3% in the 4th quarter. Global Trust Asset Management LLC now owns 168 shares of the aircraft producer’s stock worth $34,000 after acquiring an additional 157 shares during the last quarter. Finally, AHL Investment Management Inc. purchased a new position in Boeing in the 4th quarter worth $39,000. Institutional investors own 54.00% of the company’s stock.
BA has been the topic of several analyst reports. JPMorgan Chase & Co. set a $235.00 price target on Boeing in a research report on Tuesday, April 12th. Wells Fargo & Company cut their price target on Boeing from $272.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, January 27th. Morgan Stanley cut their price target on Boeing from $288.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, April 8th. Wolfe Research initiated coverage on Boeing in a research report on Wednesday, February 16th. They set a “market perform” rating on the stock. Finally, UBS Group set a $290.00 price target on Boeing in a research report on Tuesday, March 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Buy” and a consensus price target of $251.20.
Boeing (NYSE:BA – Get Rating) last issued its quarterly earnings results on Wednesday, January 26th. The aircraft producer reported ($7.69) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($7.60). The company had revenue of $14.79 billion for the quarter, compared to analysts’ expectations of $16.66 billion. During the same quarter in the previous year, the company earned ($15.25) earnings per share. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, equities analysts anticipate that The Boeing Company will post 3.18 EPS for the current fiscal year.
In other news, Director Steven M. Mollenkopf purchased 480 shares of Boeing stock in a transaction dated Tuesday, February 1st. The shares were purchased at an average price of $208.39 per share, with a total value of $100,027.20. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lawrence W. Kellner purchased 5,000 shares of Boeing stock in a transaction dated Monday, February 14th. The shares were purchased at an average cost of $208.91 per share, for a total transaction of $1,044,550.00. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company’s stock.
Boeing Profile (Get Rating)
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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