Sunpointe LLC Invests $318,000 in The Boeing Company (NYSE:BA)

Sunpointe LLC bought a new position in The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,798 shares of the aircraft producer's stock, valued at approximately $318,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. AdvisorNet Financial Inc raised its holdings in shares of Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock valued at $358,000 after buying an additional 710 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Boeing by 8.8% in the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer's stock worth $72,075,000 after purchasing an additional 38,300 shares during the period. Carnegie Investment Counsel increased its position in Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock worth $818,000 after purchasing an additional 2,943 shares during the period. Principal Financial Group Inc. increased its position in Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock worth $101,296,000 after purchasing an additional 38,332 shares during the period. Finally, Jennison Associates LLC increased its position in Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock worth $1,018,775,000 after purchasing an additional 602,143 shares during the period. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on BA shares. Citigroup lifted their price objective on Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Susquehanna boosted their target price on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. UBS Group boosted their target price on Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Morgan Stanley decreased their target price on Boeing from $195.00 to $170.00 and set an "equal weight" rating for the company in a research report on Thursday, October 24th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $195.16.

Boeing Stock Performance

NYSE BA traded down $3.54 during trading on Friday, hitting $177.34. The stock had a trading volume of 8,971,331 shares, compared to its average volume of 7,792,261. The company has a market capitalization of $133.01 billion, a PE ratio of -9.68 and a beta of 1.52. The company's 50-day moving average price is $176.58 and its two-hundred day moving average price is $164.32. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10.

Boeing (NYSE:BA - Get Free Report) last released its 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 quarter in the previous year, the company posted ($0.47) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -2.32 earnings per share 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.