FourThought Financial LLC Increases Stock Position in The Boeing Company (NYSE:BA)

FourThought Financial LLC increased its position in shares of The Boeing Company (NYSE:BA – Get Rating) by 21.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,463 shares of the aircraft producer’s stock after buying an additional 600 shares during the period. FourThought Financial LLC’s holdings in Boeing were worth $419,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bray Capital Advisors boosted its holdings in Boeing by 47.0% during the third quarter. Bray Capital Advisors now owns 1,978 shares of the aircraft producer’s stock worth $239,000 after buying an additional 632 shares in the last quarter. Sunbelt Securities Inc. increased its position in Boeing by 9.3% during the third quarter. Sunbelt Securities Inc. now owns 7,003 shares of the aircraft producer’s stock worth $848,000 after purchasing an additional 595 shares during the last quarter. Cladis Investment Advisory LLC increased its position in Boeing by 1.0% during the third quarter. Cladis Investment Advisory LLC now owns 9,390 shares of the aircraft producer’s stock worth $1,137,000 after purchasing an additional 90 shares during the last quarter. National Pension Service increased its position in Boeing by 0.6% during the third quarter. National Pension Service now owns 780,369 shares of the aircraft producer’s stock worth $97,804,000 after purchasing an additional 4,732 shares during the last quarter. Finally, M&T Bank Corp increased its position in Boeing by 3.9% during the third quarter. M&T Bank Corp now owns 107,275 shares of the aircraft producer’s stock worth $12,989,000 after purchasing an additional 4,058 shares during the last quarter. 57.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on BA. The Goldman Sachs Group set a $261.00 price objective on shares of Boeing in a research report on Wednesday, February 15th. Susquehanna Bancshares lifted their price target on shares of Boeing from $185.00 to $217.00 and gave the company a “positive” rating in a research report on Wednesday, December 14th. Citigroup lifted their price target on shares of Boeing from $222.00 to $248.00 and gave the company a “buy” rating in a research report on Friday, January 27th. Morgan Stanley cut shares of Boeing from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $213.00 to $220.00 in a research report on Tuesday, January 10th. Finally, Susquehanna lifted their price target on shares of Boeing from $185.00 to $217.00 and gave the company a “positive” rating in a research report on Wednesday, December 14th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.13.

Boeing Trading Up 2.5 %

Shares of NYSE:BA opened at $203.19 on Friday. The firm has a 50 day simple moving average of $209.29 and a 200-day simple moving average of $177.67. The company has a market capitalization of $121.75 billion, a PE ratio of -24.51, a P/E/G ratio of 54.60 and a beta of 1.43. The Boeing Company has a twelve month low of $113.02 and a twelve month high of $221.33.

Boeing (NYSE:BA – Get Rating) last announced its earnings results on Wednesday, January 25th. The aircraft producer reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.80). The firm had revenue of $19.98 billion for the quarter, compared to analyst estimates of $20.10 billion. Boeing’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the firm earned ($7.69) earnings per share. As a group, equities research analysts predict that The Boeing Company will post 0.93 EPS for the current fiscal year.

Boeing Company Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.