Ellenbecker Investment Group Invests $209,000 in The Boeing Company (NYSE:BA)

Ellenbecker Investment Group bought a new stake in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 802 shares of the aircraft producer’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CNB Bank lifted its position in Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Naples Money Management LLC bought a new stake in Boeing during the fourth quarter valued at about $44,000. M&R Capital Management Inc. raised its holdings in Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 50 shares during the period. Keener Financial Planning LLC bought a new stake in Boeing during the fourth quarter valued at about $52,000. Finally, Park Place Capital Corp raised its holdings in Boeing by 185.1% during the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after acquiring an additional 137 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent analyst reports. Citigroup decreased their price target on Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Melius Research reissued a “hold” rating on shares of Boeing in a report on Monday, April 1st. The Goldman Sachs Group reduced their target price on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Susquehanna reduced their target price on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Finally, Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $226.71.

Boeing Stock Down 0.8 %

NYSE BA traded down $1.30 during trading hours on Tuesday, hitting $169.18. 7,551,067 shares of the company were exchanged, compared to its average volume of 9,611,772. The stock has a 50-day moving average price of $189.51 and a 200 day moving average price of $207.32. The Boeing Company has a 52 week low of $167.53 and a 52 week high of $267.54. The stock has a market cap of $103.22 billion, a PE ratio of -46.18, a price-to-earnings-growth ratio of 134.48 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter last year, the firm earned ($1.75) EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts anticipate that The Boeing Company will post 0.32 earnings per share for the current year.

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.