Monetta Financial Services Inc. acquired a new stake in The Boeing Company (NYSE:BA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,100 shares of the aircraft producer's stock, valued at approximately $1,434,000. Boeing makes up about 1.2% of Monetta Financial Services Inc.'s investment portfolio, making the stock its 17th largest position.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Caprock Group LLC raised its position in shares of Boeing by 2.5% during the 3rd quarter. Caprock Group LLC now owns 10,234 shares of the aircraft producer's stock valued at $1,556,000 after buying an additional 252 shares during the period. Prospera Financial Services Inc grew its stake in Boeing by 5.7% during the 3rd quarter. Prospera Financial Services Inc now owns 22,430 shares of the aircraft producer's stock worth $3,411,000 after purchasing an additional 1,214 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Boeing by 33.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,485 shares of the aircraft producer's stock worth $378,000 after buying an additional 621 shares during the period. Howe & Rusling Inc. purchased a new stake in shares of Boeing in the 3rd quarter valued at approximately $243,000. Finally, First Horizon Advisors Inc. raised its stake in Boeing by 7.1% in the third quarter. First Horizon Advisors Inc. now owns 5,306 shares of the aircraft producer's stock valued at $807,000 after buying an additional 350 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.
Wall Street Analyst Weigh In
BA has been the subject of a number of research reports. Northcoast Research raised shares of Boeing from a "sell" rating to a "neutral" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Citigroup lifted their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Finally, Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $195.68.
Check Out Our Latest Stock Report on Boeing
Insider Buying and Selling
In related news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.
Boeing Stock Performance
Boeing stock traded up $1.81 during trading on Tuesday, hitting $182.71. The company's stock had a trading volume of 7,157,704 shares, compared to its average volume of 8,663,530. The stock's fifty day moving average is $173.19 and its 200 day moving average is $163.72. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95. The stock has a market capitalization of $137.05 billion, a price-to-earnings ratio of -9.97 and a beta of 1.53.
Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) earnings per share. On average, research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.
Boeing Company Profile
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Free Report)
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.
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