Core Alternative Capital boosted its holdings in shares of The Boeing Company (NYSE:BA – Get Rating) by 92.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,724 shares of the aircraft producer’s stock after purchasing an additional 829 shares during the period. Core Alternative Capital’s holdings in Boeing were worth $330,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. CKW Financial Group raised its position in Boeing by 25.0% during the 4th quarter. CKW Financial Group now owns 250 shares of the aircraft producer’s stock worth $50,000 after buying an additional 50 shares during the last quarter. Meridian Wealth Partners LLC grew its stake in shares of Boeing by 4.4% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,308 shares of the aircraft producer’s stock worth $263,000 after purchasing an additional 55 shares during the period. Lindbrook Capital LLC grew its stake in shares of Boeing by 0.5% during the 1st quarter. Lindbrook Capital LLC now owns 11,361 shares of the aircraft producer’s stock worth $2,176,000 after purchasing an additional 56 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in shares of Boeing by 42.1% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 189 shares of the aircraft producer’s stock worth $36,000 after purchasing an additional 56 shares during the period. Finally, Accurate Wealth Management LLC grew its stake in shares of Boeing by 4.4% during the 4th quarter. Accurate Wealth Management LLC now owns 1,408 shares of the aircraft producer’s stock worth $290,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 53.96% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on BA shares. Benchmark dropped their price target on shares of Boeing from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, July 15th. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $188.00 to $200.00 in a research note on Thursday, July 28th. Citigroup raised shares of Boeing from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $219.00 to $209.00 in a research note on Thursday, June 16th. Jefferies Financial Group lowered their target price on shares of Boeing from $270.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, May 2nd. Finally, The Goldman Sachs Group set a $281.00 target price on shares of Boeing in a research note on Wednesday, August 10th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average target price of $219.56.
Boeing Stock Performance
Boeing (NYSE:BA – Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.23). The company had revenue of $16.68 billion for the quarter, compared to analysts’ expectations of $17.53 billion. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 EPS. On average, analysts forecast that The Boeing Company will post -1.69 earnings per share for the current fiscal year.
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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