Fundamentun LLC Acquires Shares of 5,117 The Boeing Company (NYSE:BA)

Fundamentun LLC acquired a new stake in shares of The Boeing Company (NYSE:BA – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,117 shares of the aircraft producer’s stock, valued at approximately $975,000.

Other hedge funds have also added to or reduced their stakes in the company. Piershale Financial Group Inc. purchased a new position in Boeing during the 4th quarter valued at $27,000. Macroview Investment Management LLC increased its position in Boeing by 100.0% during the 4th quarter. Macroview Investment Management LLC now owns 166 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 83 shares during the period. Worth Asset Management LLC purchased a new position in Boeing during the 4th quarter valued at $43,000. McElhenny Sheffield Capital Management LLC purchased a new position in Boeing during the 4th quarter valued at $48,000. Finally, CarsonAllaria Wealth Management Ltd. increased its position in Boeing by 88.7% during the 3rd quarter. CarsonAllaria Wealth Management Ltd. now owns 266 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 125 shares during the period. 57.07% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Down 1.1 %

BA traded down $2.14 during midday trading on Friday, hitting $201.05. 9,858,936 shares of the company traded hands, compared to its average volume of 6,524,440. The firm has a market capitalization of $120.46 billion, a PE ratio of -24.25, a price-to-earnings-growth ratio of 55.65 and a beta of 1.43. The company’s 50-day moving average is $209.05 and its 200 day moving average is $177.92. The Boeing Company has a 52 week low of $113.02 and a 52 week high of $221.33.

Boeing (NYSE:BA – Get Rating) last posted its earnings results on Wednesday, January 25th. The aircraft producer reported ($1.75) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($1.80). The business had revenue of $19.98 billion for the quarter, compared to analyst estimates of $20.10 billion. The business’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($7.69) EPS. On average, sell-side analysts predict that The Boeing Company will post 0.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BA shares. Credit Suisse Group set a $200.00 target price on shares of Boeing in a report on Thursday, January 26th. JPMorgan Chase & Co. set a $225.00 target price on shares of Boeing in a report on Friday, February 24th. Robert W. Baird boosted their target price on shares of Boeing from $210.00 to $250.00 in a report on Tuesday, January 3rd. Bank of America boosted their target price on shares of Boeing from $165.00 to $190.00 and gave the company a “neutral” rating in a report on Wednesday, December 7th. Finally, Wells Fargo & Company boosted their target price on shares of Boeing from $218.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, January 11th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.13.

Boeing Company Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.