842 Shares in The Boeing Company (NYSE:BA) Purchased by Blue Fin Capital Inc.

Blue Fin Capital Inc. bought a new stake in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 842 shares of the aircraft producer’s stock, valued at approximately $219,000.

Other institutional investors have also recently made changes to their positions in the company. CNB Bank boosted its holdings in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares during the last quarter. Evolution Advisers Inc. purchased a new position in Boeing in the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new position in Boeing during the fourth quarter valued at $28,000. Naples Money Management LLC bought a new position in Boeing during the fourth quarter valued at approximately $44,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in Boeing by 66.2% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock traded up $0.94 during midday trading on Friday, reaching $179.79. The company’s stock had a trading volume of 5,416,263 shares, compared to its average volume of 8,228,397. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The stock has a market capitalization of $110.37 billion, a P/E ratio of -50.64 and a beta of 1.54. The stock’s 50-day simple moving average is $183.74 and its 200-day simple moving average is $205.91.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates 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. During the same quarter last year, the business earned ($1.75) earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities research analysts expect that The Boeing Company will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on BA shares. Royal Bank of Canada lowered their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. JPMorgan Chase & Co. cut their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. TD Cowen decreased their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Edward Jones downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company 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.