Blue Fin Capital Inc. Buys Shares of 842 The Boeing Company (NYSE:BA)

Blue Fin Capital Inc. purchased a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, HoldingsChannel reports. The firm purchased 842 shares of the aircraft producer’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BA. Trust Co. of Vermont increased its position in Boeing by 1.0% during the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after buying an additional 45 shares during the last quarter. Benchmark Financial Wealth Advisors LLC increased its position in shares of Boeing by 2.7% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after purchasing an additional 47 shares during the period. WealthPlan Investment Management LLC raised its stake in shares of Boeing by 1.0% in the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after buying an additional 49 shares in the last quarter. RB Capital Management LLC lifted its stake in Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after purchasing an additional 50 shares during the period. Finally, M&R Capital Management Inc. lifted its position in shares of Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after buying an additional 50 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BA shares. Wells Fargo & Company dropped their target price on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. Citigroup reduced their target price on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Sanford C. Bernstein dropped their price target on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. The Goldman Sachs Group cut their price target on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Finally, StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $222.41.

Boeing Trading Up 0.5 %

NYSE BA traded up $0.94 during trading on Friday, reaching $179.79. The company’s stock had a trading volume of 5,416,263 shares, compared to its average volume of 8,228,397. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The firm has a 50 day moving average price of $183.74 and a 200 day moving average price of $205.91. The firm has a market capitalization of $110.37 billion, a price-to-earnings ratio of -50.64 and a beta of 1.54.

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

Boeing 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.