Midwest Financial Group LLC Grows Position in The Boeing Company (NYSE:BA)

Midwest Financial Group LLC lifted its stake in The Boeing Company (NYSE:BA) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,775 shares of the aircraft producer’s stock after buying an additional 222 shares during the quarter. Midwest Financial Group LLC’s holdings in Boeing were worth $1,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. CX Institutional increased its holdings in Boeing by 23.7% in the 4th quarter. CX Institutional now owns 5,679 shares of the aircraft producer’s stock worth $1,005,000 after acquiring an additional 1,089 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $205,000. RFG Advisory LLC increased its stake in shares of Boeing by 8.4% in the fourth quarter. RFG Advisory LLC now owns 2,712 shares of the aircraft producer’s stock worth $480,000 after purchasing an additional 210 shares in the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Boeing by 5.2% during the 4th quarter. Cornerstone Wealth Management LLC now owns 14,685 shares of the aircraft producer’s stock valued at $2,599,000 after purchasing an additional 728 shares during the period. Finally, Hedges Asset Management LLC increased its stake in Boeing by 21.4% in the 4th quarter. Hedges Asset Management LLC now owns 31,420 shares of the aircraft producer’s stock worth $5,561,000 after buying an additional 5,545 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Up 0.6 %

Shares of BA stock opened at $179.62 on Friday. The stock has a fifty day simple moving average of $164.90 and a two-hundred day simple moving average of $164.53. The stock has a market capitalization of $111.04 billion, a price-to-earnings ratio of -13.97 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the business earned ($3.26) earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Research analysts predict that The Boeing Company will post -16.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on BA. Citigroup cut their target price on Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research report on Friday. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Morgan Stanley decreased their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Susquehanna reduced their target price on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Finally, DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.11.

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.