The Boeing Company (NYSE:BA) Shares Bought by Magnus Financial Group LLC

Magnus Financial Group LLC boosted its position in The Boeing Company (NYSE:BA) by 11.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,803 shares of the aircraft producer’s stock after purchasing an additional 869 shares during the quarter. Magnus Financial Group LLC’s holdings in Boeing were worth $2,295,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evolution Advisers Inc. acquired a new stake in Boeing in the fourth quarter worth about $28,000. CNB Bank lifted its stake in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after acquiring an additional 66 shares during the period. Naples Money Management LLC bought a new position in shares of Boeing in the fourth quarter valued at approximately $44,000. M&R Capital Management Inc. increased its stake in shares of Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 50 shares during the period. Finally, Keener Financial Planning LLC bought a new stake in Boeing during the fourth quarter worth approximately $52,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft dropped their price target on Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group reduced their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a report on Friday. Finally, Royal Bank of Canada reduced their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.41.

Boeing Trading Up 0.2 %

Boeing stock traded up $0.41 on Friday, reaching $167.22. 7,208,103 shares of the stock were exchanged, compared to its average volume of 7,379,195. The firm has a fifty day moving average price of $186.53 and a two-hundred day moving average price of $206.55. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The stock has a market cap of $102.65 billion, a PE ratio of -47.10, a PEG ratio of 140.43 and a beta of 1.52.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business earned ($1.75) earnings per share. Equities analysts anticipate that The Boeing Company will post -0.3 EPS for the current fiscal 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.