106 Shares in The Boeing Company (NYSE:BA) Bought by DiNuzzo Private Wealth Inc.

DiNuzzo Private Wealth Inc. purchased a new position in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 106 shares of the aircraft producer’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Evolution Advisers Inc. purchased a new stake in shares of Boeing in the fourth quarter worth $28,000. CNB Bank grew its stake 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 acquiring an additional 66 shares during the last quarter. Naples Money Management LLC purchased a new stake in shares of Boeing in the fourth quarter worth $44,000. M&R Capital Management Inc. grew its stake in shares of Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 50 shares during the last quarter. Finally, Keener Financial Planning LLC purchased a new stake in shares of Boeing in the fourth quarter worth $52,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Up 2.2 %

NYSE BA opened at $171.45 on Thursday. The stock’s 50 day moving average is $184.61 and its 200 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. The stock has a market cap of $105.25 billion, a PE ratio of -48.30 and a beta of 1.54.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BA shares. Benchmark reissued a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. Stifel Nicolaus reduced their price objective on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a report on Wednesday, April 17th. 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 report on Monday, March 25th. Finally, Susquehanna reduced their price objective on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $222.41.

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.