HBW Advisory Services LLC Makes New $217,000 Investment in The Boeing Company (NYSE:BA)

HBW Advisory Services LLC bought a new position in shares of The Boeing Company (NYSE:BA – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,137 shares of the aircraft producer’s stock, valued at approximately $217,000.

Several other large investors have also modified their holdings of BA. United Bank grew its position in shares of Boeing by 4.7% in the first quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock valued at $964,000 after purchasing an additional 226 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Boeing by 1,064.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock valued at $163,000 after buying an additional 777 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of Boeing by 68.0% during the first quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock valued at $1,362,000 after buying an additional 2,879 shares during the period. Prudential PLC purchased a new position in shares of Boeing during the first quarter valued at approximately $836,000. Finally, Dakota Wealth Management lifted its stake in shares of Boeing by 26.7% during the first quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock valued at $408,000 after buying an additional 448 shares during the period. 57.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BA has been the topic of several recent analyst reports. Susquehanna Bancshares upped their price objective 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. JPMorgan Chase & Co. set a $225.00 price objective on shares of Boeing in a research note on Friday, February 24th. Susquehanna upped their price objective 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. Robert W. Baird increased their price target on shares of Boeing from $210.00 to $250.00 in a research note on Tuesday, January 3rd. Finally, Morgan Stanley downgraded shares of Boeing from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $213.00 to $220.00 in a research note on Tuesday, January 10th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $225.13.

Boeing Trading Down 1.1 %

Shares of BA stock opened at $201.05 on Friday. The company’s fifty day simple moving average is $209.05 and its 200-day simple moving average is $177.92. The Boeing Company has a 52 week low of $113.02 and a 52 week high of $221.33. The company has a market cap of $120.46 billion, a PE ratio of -24.25, a P/E/G ratio of 55.65 and a beta of 1.43.

Boeing (NYSE:BA – Get Rating) last issued its 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 firm had revenue of $19.98 billion for the quarter, compared to analyst estimates of $20.10 billion. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($7.69) earnings per share. Equities research analysts expect that The Boeing Company will post 0.93 EPS for the current fiscal year.

Boeing Profile

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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.