PFC Capital Group Inc. Takes Position in The Boeing Company $BA

PFC Capital Group Inc. bought a new position in The Boeing Company (NYSE:BA) during the second quarter, according to its most recent filing with the SEC. The firm bought 1,066 shares of the aircraft producer’s stock, valued at approximately $223,000.

Several other hedge funds have also bought and sold shares of the business. Harbor Asset Planning Inc. acquired a new position in Boeing during the second quarter worth $25,000. Piscataqua Savings Bank increased its position in shares of Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 137 shares in the last quarter. Monetary Management Group Inc. raised its holdings in shares of Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after acquiring an additional 50 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Boeing in the 2nd quarter worth about $35,000. Finally, IMG Wealth Management Inc. lifted its position in Boeing by 159.4% in the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 0.1%

Shares of Boeing stock opened at $179.58 on Monday. The business’s fifty day simple moving average is $208.90 and its 200 day simple moving average is $214.90. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The firm has a market capitalization of $136.50 billion, a P/E ratio of -13.13 and a beta of 1.44.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the previous year, the business earned ($10.44) EPS. Boeing’s revenue for the quarter was up 30.4% on a year-over-year basis. Analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on BA shares. Zacks Research lowered Boeing from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $267.00 target price on shares of Boeing in a research report on Friday, November 14th. Barclays upped their price target on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Finally, Susquehanna cut their price objective on shares of Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a report on Wednesday, November 12th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $232.09.

Insiders Place Their Bets

In related news, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the sale, the executive vice president owned 14,656 shares in the company, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

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.