MOKAN Wealth Management Inc. Takes $222,000 Position in The Boeing Company (NYSE:BA)

MOKAN Wealth Management Inc. acquired a new stake in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,257 shares of the aircraft producer’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BA. Van ECK Associates Corp boosted its stake in shares of Boeing by 122.0% during the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after purchasing an additional 1,251,456 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Boeing by 289.8% during the third quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock valued at $2,558,790,000 after purchasing an additional 1,251,165 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after purchasing an additional 1,055,472 shares in the last quarter. State Street Corp boosted its stake in Boeing by 2.3% in the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after acquiring an additional 636,594 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after acquiring an additional 602,143 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, Citigroup lifted their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Stock Performance

BA opened at $184.52 on Friday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10. The company has a fifty day moving average of $174.96 and a two-hundred day moving average of $164.24. The stock has a market capitalization of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. On average, equities research analysts forecast that The Boeing Company will post -2.3 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.