Whelan Financial Takes $207,000 Position in The Boeing Company (NYSE:BA)

Whelan Financial purchased a new stake in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 793 shares of the aircraft producer’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also modified their holdings of BA. CNB Bank boosted its holdings in Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares in the last quarter. VisionPoint Advisory Group LLC bought a new stake in Boeing in the second quarter worth $32,000. True Wealth Design LLC bought a new stake in Boeing in the fourth quarter worth $33,000. M&R Capital Management Inc. boosted its holdings in Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 50 shares during the period. Finally, Fortis Capital Advisors LLC boosted its holdings in Boeing by 100.0% during the first quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock valued at $42,000 after acquiring an additional 100 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Tuesday. Bank of America cut their price objective on shares of Boeing from $225.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. Susquehanna cut their price objective on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research report on Thursday, March 21st. Northcoast Research lowered shares of Boeing from a “buy” rating to a “neutral” rating in a research report on Friday, February 23rd. Finally, William Blair began coverage on shares of Boeing in a research report on Tuesday, December 12th. They set an “outperform” rating for the company. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.53.

Boeing Stock Up 0.5 %

Shares of NYSE:BA traded up $0.88 during midday trading on Thursday, reaching $192.83. 4,468,648 shares of the company were exchanged, compared to its average volume of 10,419,768. The Boeing Company has a fifty-two week low of $176.25 and a fifty-two week high of $267.54. The stock has a fifty day simple moving average of $200.59 and a two-hundred day simple moving average of $209.84. The firm has a market cap of $117.65 billion, a PE ratio of -52.40, a P/E/G ratio of 30.31 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the business earned ($1.75) earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. As a group, analysts forecast that The Boeing Company will post 1.55 earnings per share for the current 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.