Mitchell Mcleod Pugh & Williams Inc. Increases Position in The Boeing Company (NYSE:BA)

Mitchell Mcleod Pugh & Williams Inc. boosted its position in The Boeing Company (NYSE:BA) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,843 shares of the aircraft producer’s stock after acquiring an additional 82 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Boeing were worth $857,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. MassMutual Private Wealth & Trust FSB raised its position in shares of Boeing by 7.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,916 shares of the aircraft producer’s stock worth $516,000 after buying an additional 214 shares during the period. UMB Bank n.a. raised its holdings in shares of Boeing by 0.5% in the 4th quarter. UMB Bank n.a. now owns 19,165 shares of the aircraft producer’s stock worth $3,392,000 after purchasing an additional 100 shares during the period. Diversify Wealth Management LLC lifted its stake in shares of Boeing by 17.8% in the 4th quarter. Diversify Wealth Management LLC now owns 6,939 shares of the aircraft producer’s stock valued at $1,194,000 after purchasing an additional 1,050 shares in the last quarter. Annex Advisory Services LLC purchased a new stake in shares of Boeing during the 4th quarter worth about $205,000. Finally, Client 1ST Advisory Group LLC acquired a new stake in Boeing during the 4th quarter worth approximately $215,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Susquehanna cut their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company cut their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Citigroup dropped their target price on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Price Performance

Shares of BA opened at $171.14 on Monday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59. The stock has a fifty day moving average price of $163.15 and a 200 day moving average price of $164.75. The company has a market cap of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($3.26) EPS. As a group, research analysts anticipate that The Boeing Company will post -16.43 earnings per share for the current year.

Boeing Company 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.