Eudaimonia Partners LLC acquired a new position in shares of The Boeing Company (NYSE:BA – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,409 shares of the aircraft producer’s stock, valued at approximately $268,000.
Other large investors also recently made changes to their positions in the company. Piershale Financial Group Inc. bought a new stake in shares of Boeing during the fourth quarter worth $27,000. CarsonAllaria Wealth Management Ltd. grew its position in Boeing by 88.7% in the third quarter. CarsonAllaria Wealth Management Ltd. now owns 266 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 125 shares in the last quarter. Macroview Investment Management LLC grew its position in Boeing by 100.0% in the fourth quarter. Macroview Investment Management LLC now owns 166 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 83 shares in the last quarter. Karp Capital Management Corp bought a new position in Boeing in the third quarter valued at $33,000. Finally, Selway Asset Management bought a new position in Boeing in the third quarter valued at $36,000. Institutional investors own 57.07% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on BA. Robert W. Baird raised their target price on shares of Boeing from $210.00 to $250.00 in a research report on Tuesday, January 3rd. The Goldman Sachs Group set a $261.00 target price on shares of Boeing in a research report on Wednesday, February 15th. StockNews.com started coverage on shares of Boeing in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Susquehanna Bancshares increased their price target on shares of Boeing from $185.00 to $217.00 and gave the company a “positive” rating in a research note on Wednesday, December 14th. Finally, Northcoast Research started coverage on shares of Boeing in a research note on Thursday, March 16th. They issued a “neutral” rating for the company. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $224.50.
Boeing Stock Performance
Boeing (NYSE:BA – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The aircraft producer reported ($1.75) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.80). The company had revenue of $19.98 billion for the quarter, compared to analyst estimates of $20.10 billion. During the same quarter last year, the company posted ($7.69) earnings per share. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. As a group, analysts predict that The Boeing Company will post 0.28 EPS for the current fiscal year.
About Boeing
The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.
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