Midwest Financial Group LLC Purchases 222 Shares of The Boeing Company (NYSE:BA)

Midwest Financial Group LLC increased its holdings in The Boeing Company (NYSE:BA) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,775 shares of the aircraft producer’s stock after purchasing an additional 222 shares during the quarter. Midwest Financial Group LLC’s holdings in Boeing were worth $1,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BA. CX Institutional raised its holdings in Boeing by 23.7% in the 4th quarter. CX Institutional now owns 5,679 shares of the aircraft producer’s stock worth $1,005,000 after purchasing an additional 1,089 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in Boeing in the fourth quarter worth about $205,000. RFG Advisory LLC lifted its holdings in Boeing by 8.4% in the fourth quarter. RFG Advisory LLC now owns 2,712 shares of the aircraft producer’s stock worth $480,000 after buying an additional 210 shares during the period. Cornerstone Wealth Management LLC boosted its position in Boeing by 5.2% during the 4th quarter. Cornerstone Wealth Management LLC now owns 14,685 shares of the aircraft producer’s stock valued at $2,599,000 after acquiring an additional 728 shares in the last quarter. Finally, Hedges Asset Management LLC boosted its position in Boeing by 21.4% during the 4th quarter. Hedges Asset Management LLC now owns 31,420 shares of the aircraft producer’s stock valued at $5,561,000 after acquiring an additional 5,545 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.6 %

Shares of BA opened at $179.62 on Friday. The firm has a market cap of $111.04 billion, a PE ratio of -13.97 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63. The firm has a fifty day simple moving average of $164.90 and a two-hundred day simple moving average of $164.53.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned ($3.26) earnings per share. As a group, research analysts forecast that The Boeing Company will post -16.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Morgan Stanley cut their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Susquehanna lowered their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Finally, Citigroup dropped their target price on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.11.

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.