HF Advisory Group LLC Raises Position in The Boeing Company (NYSE:BA)

HF Advisory Group LLC raised its position in The Boeing Company (NYSE:BA) by 12.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,012 shares of the aircraft producer’s stock after buying an additional 334 shares during the period. HF Advisory Group LLC’s holdings in Boeing were worth $785,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BA. CNB Bank increased its holdings in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Boeing during the 4th quarter valued at $33,000. Park Place Capital Corp grew its holdings in Boeing by 185.1% during the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after acquiring an additional 137 shares during the period. Industrial Alliance Investment Management Inc. bought a new stake in shares of Boeing in the 4th quarter worth approximately $41,000. Finally, Fortis Capital Advisors LLC lifted its position in shares of Boeing by 100.0% during the 1st 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 last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BA has been the subject of several recent analyst reports. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price for the company. in a report on Wednesday. Susquehanna dropped their price objective on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Sanford C. Bernstein reduced their price target on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. UBS Group dropped their target price on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Finally, Citigroup lowered their price objective on shares of Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average target price of $229.35.

Boeing Stock Up 0.8 %

Boeing stock traded up $1.30 during trading hours on Thursday, hitting $171.51. The company had a trading volume of 1,505,013 shares, compared to its average volume of 9,718,249. The Boeing Company has a one year low of $167.53 and a one year high of $267.54. The firm has a 50-day moving average of $191.86 and a 200 day moving average of $207.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same period in the previous year, the firm posted ($1.75) EPS. The company’s revenue was up 10.2% compared to the same quarter last year. As a group, analysts expect that The Boeing Company will post 0.37 EPS for the current year.

Boeing Profile

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.