BKA Wealth Consulting Inc. Invests $238,000 in The Boeing Company (NYSE:BA)

BKA Wealth Consulting Inc. bought a new position in The Boeing Company (NYSE:BA) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 915 shares of the aircraft producer’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BA. CNB Bank lifted its position in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares during the period. Naples Money Management LLC purchased a new position in Boeing during the 4th quarter valued at about $44,000. M&R Capital Management Inc. lifted its position 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 acquiring an additional 50 shares during the period. Keener Financial Planning LLC purchased a new position in Boeing in the fourth quarter worth about $52,000. Finally, Park Place Capital Corp raised its holdings in Boeing by 185.1% in the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after buying an additional 137 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

BA stock traded down $3.05 during mid-day trading on Thursday, reaching $161.28. 5,847,034 shares of the stock traded hands, compared to its average volume of 9,702,348. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The stock has a market capitalization of $98.40 billion, a PE ratio of -43.69, a PEG ratio of 133.97 and a beta of 1.52. The business has a 50-day moving average price of $188.03 and a two-hundred day moving average price of $206.89.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter last year, the firm earned ($1.75) EPS. The company’s revenue was up 10.2% on a year-over-year basis. On average, equities analysts expect that The Boeing Company will post 0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the subject of several recent analyst reports. Citigroup decreased their target price on shares of Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Bank of America decreased their target price on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Barclays decreased their target price on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday. UBS Group reduced their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Finally, The Goldman Sachs Group reduced their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $226.71.

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.