Teamwork Financial Advisors LLC Acquires Shares of 863 The Boeing Company (NYSE:BA)

Teamwork Financial Advisors LLC bought a new stake in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 863 shares of the aircraft producer’s stock, valued at approximately $225,000.

A number of other large investors have also recently modified their holdings of BA. CNB Bank boosted its stake in Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after acquiring an additional 66 shares in the last quarter. VisionPoint Advisory Group LLC bought a new stake in Boeing during the second quarter worth about $32,000. True Wealth Design LLC bought a new stake in Boeing during the fourth quarter worth about $33,000. M&R Capital Management Inc. boosted its stake in Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 50 shares in the last quarter. Finally, Fortis Capital Advisors LLC boosted its stake in Boeing by 100.0% during the first quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock worth $42,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

BA stock traded up $1.04 during trading on Friday, hitting $192.99. 4,471,666 shares of the company’s stock traded hands, compared to its average volume of 9,430,299. The Boeing Company has a 52 week low of $176.25 and a 52 week high of $267.54. The business has a fifty day simple moving average of $200.22 and a 200 day simple moving average of $209.72. The stock has a market capitalization of $117.75 billion, a price-to-earnings ratio of -52.44, a P/E/G ratio of 31.03 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.75) EPS. Research analysts forecast that The Boeing Company will post 1.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Susquehanna decreased their target price on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Tuesday. UBS Group decreased their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. William Blair began coverage on shares of Boeing in a report on Tuesday, December 12th. They set an “outperform” rating for the company. Finally, Northcoast Research cut shares of Boeing from a “buy” rating to a “neutral” rating in a report on Friday, February 23rd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $241.53.

About Boeing

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.