Team Hewins LLC Invests $817,000 in The Boeing Company (NYSE:BA)

Team Hewins LLC bought a new position in The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,135 shares of the aircraft producer’s stock, valued at approximately $817,000.

Several other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Boeing in the third quarter valued at approximately $2,122,000. Pinnacle Financial Partners Inc raised its position in shares of Boeing by 3.7% in the third quarter. Pinnacle Financial Partners Inc now owns 4,042 shares of the aircraft producer’s stock valued at $775,000 after buying an additional 143 shares during the last quarter. MONECO Advisors LLC raised its position in shares of Boeing by 2.5% in the third quarter. MONECO Advisors LLC now owns 3,692 shares of the aircraft producer’s stock valued at $708,000 after buying an additional 90 shares during the last quarter. Breakwater Capital Group increased its position in Boeing by 8.7% during the third quarter. Breakwater Capital Group now owns 2,456 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 196 shares during the last quarter. Finally, Ieq Capital LLC increased its position in Boeing by 10.6% during the third quarter. Ieq Capital LLC now owns 16,788 shares of the aircraft producer’s stock worth $3,218,000 after purchasing an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 1.4 %

NYSE BA traded up $2.35 during trading hours on Friday, reaching $174.56. 8,239,644 shares of the company traded hands, compared to its average volume of 9,156,360. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The stock has a market capitalization of $107.16 billion, a PE ratio of -48.32 and a beta of 1.54. The company has a 50 day moving average of $179.17 and a two-hundred day moving average of $205.56.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. On average, equities research analysts anticipate that The Boeing Company will post -0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $240.00 price target on shares of Boeing in a research report on Wednesday, May 15th. UBS Group dropped their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Benchmark reaffirmed a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, Melius Research reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $221.24.

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.