Mengis Capital Management Inc. Has $1.42 Million Stock Holdings in The Boeing Company (NYSE:BA)

Mengis Capital Management Inc. boosted its position in shares of The Boeing Company (NYSE:BAFree Report) by 134.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,389 shares of the aircraft producer’s stock after purchasing an additional 4,235 shares during the period. Mengis Capital Management Inc.’s holdings in Boeing were worth $1,416,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. CNB Bank grew its holdings in Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares during the period. Coston McIsaac & Partners grew its holdings in Boeing by 62.5% during the second quarter. Coston McIsaac & Partners now owns 130 shares of the aircraft producer’s stock worth $27,000 after purchasing an additional 50 shares during the period. IFS Advisors LLC grew its holdings in Boeing by 523.8% during the second quarter. IFS Advisors LLC now owns 131 shares of the aircraft producer’s stock worth $28,000 after purchasing an additional 110 shares during the period. Blue Bell Private Wealth Management LLC grew its holdings in Boeing by 54.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 142 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 50 shares during the period. Finally, VisionPoint Advisory Group LLC bought a new position in Boeing during the second quarter worth about $32,000. Institutional investors own 61.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Susquehanna cut their price objective on shares of Boeing from $306.00 to $279.00 and set a “positive” rating for the company in a research report on Thursday, January 18th. Barclays raised their price objective on shares of Boeing from $210.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 6th. Northcoast Research upgraded shares of Boeing from a “neutral” rating to a “buy” rating and set a $217.00 price target for the company in a research report on Tuesday, October 31st. Wells Fargo & Company dropped their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Boeing from a “hold” rating to a “buy” rating and lifted their price target for the company from $204.00 to $270.00 in a research report on Monday, November 20th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.63.

Read Our Latest Stock Report on BA

Boeing Price Performance

Shares of Boeing stock traded up $0.13 during trading on Monday, hitting $209.33. The company’s stock had a trading volume of 4,067,303 shares, compared to its average volume of 12,920,410. The stock has a market cap of $127.72 billion, a price-to-earnings ratio of -56.46, a price-to-earnings-growth ratio of 18.97 and a beta of 1.56. The Boeing Company has a 52 week low of $176.25 and a 52 week high of $267.54. The stock has a 50-day moving average price of $232.38 and a two-hundred day moving average price of $217.35.

Boeing (NYSE:BAGet Free Report) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. Boeing’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.75) EPS. On average, equities analysts predict that The Boeing Company will post 2.76 EPS for the current fiscal year.

Boeing Profile

(Free Report)

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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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