Opinicus Capital Inc. Takes $320,000 Position in The Boeing Company (NYSE:BA)

Opinicus Capital Inc. bought a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,227 shares of the aircraft producer’s stock, valued at approximately $320,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BA. Vanguard Group Inc. raised its holdings in shares of Boeing by 0.8% during the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock valued at $9,125,790,000 after acquiring an additional 356,496 shares during the last quarter. Morgan Stanley lifted its holdings in Boeing by 1.1% in the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after purchasing an additional 91,801 shares in the last quarter. Northern Trust Corp boosted its stake in Boeing by 3.2% during the 3rd quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock worth $949,042,000 after purchasing an additional 153,168 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Boeing during the fourth quarter worth $960,397,000. Finally, Invesco Ltd. grew its holdings in shares of Boeing by 30.1% during the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after buying an additional 759,267 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BA. Barclays lowered their price target on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Bank of America dropped their price target on Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. The Goldman Sachs Group lowered their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Wells Fargo & Company cut their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $222.41.

Boeing Price Performance

Shares of BA stock traded up $0.41 on Friday, hitting $167.22. The stock had a trading volume of 7,208,103 shares, compared to its average volume of 7,379,195. The company’s 50 day moving average price is $186.53 and its 200-day moving average price is $206.46. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The firm has a market capitalization of $102.65 billion, a P/E ratio of -47.12, a P/E/G ratio of 140.08 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned ($1.75) earnings per share. On average, equities analysts forecast that The Boeing Company will post 0.3 EPS 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.