Sather Financial Group Inc Invests $26.94 Million in The Boeing Company (NYSE:BA)

Sather Financial Group Inc acquired a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 152,176 shares of the aircraft producer's stock, valued at approximately $26,935,000. Boeing comprises 1.7% of Sather Financial Group Inc's portfolio, making the stock its 22nd biggest holding.

Other hedge funds also recently bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new stake in Boeing during the fourth quarter valued at about $27,000. Fiduciary Advisors Inc. bought a new stake in Boeing during the fourth quarter valued at about $28,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the third quarter valued at about $28,000. Heck Capital Advisors LLC bought a new stake in Boeing during the fourth quarter valued at about $33,000. Finally, Keystone Financial Group Inc. bought a new stake in Boeing during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Trading Down 0.5 %

Shares of NYSE:BA traded down $0.92 during mid-day trading on Friday, reaching $184.52. The stock had a trading volume of 5,037,194 shares, compared to its average volume of 7,716,679. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The business's 50 day moving average price is $174.96 and its 200 day moving average price is $164.24. The company has a market cap of $138.40 billion, a P/E ratio of -10.07 and a beta of 1.52.

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Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the firm posted ($0.47) earnings per share. Analysts predict that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on BA shares. Wells Fargo & Company boosted their price target on Boeing from $85.00 to $103.00 and gave the company an "underweight" rating in a report on Wednesday, January 29th. Benchmark reissued a "buy" rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Susquehanna upped their price objective on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. Finally, Northcoast Research raised Boeing from a "sell" rating to a "neutral" rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $195.16.

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.