Mach 1 Financial Group LLC Takes Position in The Boeing Company (NYSE:BA)

Mach 1 Financial Group LLC bought a new position in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 900 shares of the aircraft producer’s stock, valued at approximately $235,000.

Several other institutional investors also recently bought and sold shares of BA. Evolution Advisers Inc. bought a new position in shares of Boeing during the 4th quarter valued at approximately $28,000. CNB Bank lifted its position in shares of Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Naples Money Management LLC bought a new position in shares of Boeing in the fourth quarter worth about $44,000. M&R Capital Management Inc. lifted its holdings in Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 50 shares in the last quarter. Finally, Keener Financial Planning LLC purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $52,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Up 2.2 %

Shares of BA stock opened at $171.45 on Thursday. The company has a market capitalization of $105.25 billion, a P/E ratio of -48.30 and a beta of 1.54. The business’s 50 day moving average is $184.61 and its two-hundred day moving average is $206.14. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. Boeing’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.75) EPS. On average, research analysts predict that The Boeing Company will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BA has been the topic of several research reports. Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday. The Goldman Sachs Group decreased their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Susquehanna cut their price objective on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research report on Thursday, March 21st. Finally, Wells Fargo & Company decreased their target price on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Boeing has an average rating of “Hold” and a consensus price target of $222.41.

Boeing 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.