Planning Directions Inc. lowered its position in The Boeing Company (NYSE:BA) by 5.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,125 shares of the aircraft producer’s stock after selling 118 shares during the quarter. Planning Directions Inc.’s holdings in The Boeing were worth $541,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of BA. RBA Wealth Management LLC bought a new stake in The Boeing in the first quarter valued at approximately $26,000. DB Wealth Management Group LLC bought a new stake in The Boeing in the fourth quarter worth $28,000. Albion Financial Group UT bought a new stake in The Boeing in the fourth quarter worth $30,000. Cowa LLC bought a new stake in The Boeing in the fourth quarter worth $32,000. Finally, Kathmere Capital Management LLC lifted its holdings in shares of The Boeing by 188.7% during the fourth quarter. Kathmere Capital Management LLC now owns 153 shares of the aircraft producer’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. 51.41% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on BA. UBS Group restated a “buy” rating and issued a $310.00 price target on shares of The Boeing in a research report on Thursday, April 29th. Canaccord Genuity raised The Boeing from a “hold” rating to a “buy” rating and raised their price objective for the company from $200.00 to $275.00 in a research note on Thursday, March 11th. Morgan Stanley upped their target price on The Boeing from $250.00 to $274.00 and gave the stock an “overweight” rating in a report on Monday, March 22nd. Susquehanna Bancshares boosted their price target on The Boeing from $250.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, March 19th. Finally, Benchmark reduced their target price on The Boeing from $290.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, February 19th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $240.22.
Shares of BA traded down $5.97 during mid-day trading on Tuesday, reaching $229.22. 248,811 shares of the company’s stock were exchanged, compared to its average volume of 15,557,191. The company has a 50-day simple moving average of $248.23 and a two-hundred day simple moving average of $215.96. The Boeing Company has a 52-week low of $113.89 and a 52-week high of $278.57. The company has a market cap of $134.05 billion, a price-to-earnings ratio of -29.81, a PEG ratio of 101.91 and a beta of 1.65.
The Boeing (NYSE:BA) last released its earnings results on Tuesday, April 27th. The aircraft producer reported ($1.53) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.17) by ($0.36). The business had revenue of $15.22 billion for the quarter, compared to analysts’ expectations of $15.95 billion. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.70) earnings per share. On average, equities research analysts predict that The Boeing Company will post -9.39 EPS for the current fiscal year.
The Boeing Profile
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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