The Boeing Company (NYSE:BA) Shares Acquired by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of The Boeing Company (NYSE:BA) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,843 shares of the aircraft producer’s stock after purchasing an additional 82 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Boeing were worth $857,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing in the 3rd quarter valued at $28,000. Cedar Wealth Management LLC purchased a new stake in Boeing in the third quarter valued at $30,000. Planning Capital Management Corp boosted its stake in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Boeing during the third quarter worth about $58,000. Finally, Fairscale Capital LLC acquired a new stake in shares of Boeing during the second quarter worth about $59,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 1.3 %

Shares of BA opened at $171.14 on Monday. The firm’s 50-day moving average is $163.15 and its two-hundred day moving average is $164.75. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59. The firm has a market capitalization of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. Boeing’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.26) earnings per share. Analysts predict that The Boeing Company will post -16.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Robert W. Baird lowered their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. UBS Group cut their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Finally, TD Cowen reduced their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $192.21.

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.