HBW Advisory Services LLC Buys New Stake in The Boeing Company (NYSE:BA)

HBW Advisory Services LLC bought a new stake in The Boeing Company (NYSE:BA – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,137 shares of the aircraft producer’s stock, valued at approximately $217,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Baird Financial Group Inc. grew its stake in shares of Boeing by 8.0% in the third quarter. Baird Financial Group Inc. now owns 238,221 shares of the aircraft producer’s stock worth $28,844,000 after acquiring an additional 17,716 shares in the last quarter. Meiji Yasuda Life Insurance Co grew its stake in shares of Boeing by 10.2% in the third quarter. Meiji Yasuda Life Insurance Co now owns 3,297 shares of the aircraft producer’s stock worth $399,000 after acquiring an additional 306 shares in the last quarter. ExodusPoint Capital Management LP grew its stake in shares of Boeing by 241.5% in the third quarter. ExodusPoint Capital Management LP now owns 94,629 shares of the aircraft producer’s stock worth $11,458,000 after acquiring an additional 66,919 shares in the last quarter. McDonald Partners LLC grew its stake in shares of Boeing by 4.1% in the third quarter. McDonald Partners LLC now owns 3,221 shares of the aircraft producer’s stock worth $390,000 after acquiring an additional 126 shares in the last quarter. Finally, Kentucky Retirement Systems grew its stake in shares of Boeing by 5.9% in the third quarter. Kentucky Retirement Systems now owns 43,693 shares of the aircraft producer’s stock worth $5,290,000 after acquiring an additional 2,417 shares in the last quarter. Institutional investors and hedge funds own 57.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on BA. JPMorgan Chase & Co. set a $225.00 price target on shares of Boeing in a research note on Friday, February 24th. Credit Suisse Group set a $200.00 target price on shares of Boeing in a research note on Thursday, January 26th. StockNews.com initiated coverage on shares of Boeing in a research note on Thursday. They set a “hold” rating for the company. Susquehanna boosted their target price on shares of Boeing from $185.00 to $217.00 and gave the stock a “positive” rating in a research note on Wednesday, December 14th. Finally, Morgan Stanley downgraded shares of Boeing from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $213.00 to $220.00 in a research note on Tuesday, January 10th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $225.13.

Boeing Stock Performance

Shares of NYSE:BA opened at $201.05 on Friday. The company has a 50-day simple moving average of $209.05 and a 200-day simple moving average of $177.92. The Boeing Company has a one year low of $113.02 and a one year high of $221.33. The stock has a market capitalization of $120.46 billion, a price-to-earnings ratio of -24.25, a PEG ratio of 55.65 and a beta of 1.43.

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. During the same period last year, the firm earned ($7.69) earnings per share. The business’s revenue was up 35.1% on a year-over-year basis. As a group, research analysts forecast 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.