Prospect Financial Services LLC Takes $1.06 Million Position in The Boeing Company (NYSE:BA)

Prospect Financial Services LLC acquired a new stake in The Boeing Company (NYSE:BAFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,058 shares of the aircraft producer’s stock, valued at approximately $1,058,000. Boeing comprises about 1.1% of Prospect Financial Services LLC’s portfolio, making the stock its 23rd largest position.

Several other large investors have also made changes to their positions in the business. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing in the 4th quarter valued at $26,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing in the 4th quarter valued at $28,000. Evolution Advisers Inc. acquired a new position in shares of Boeing in the 4th quarter valued at $28,000. Naples Money Management LLC acquired a new position in shares of Boeing in the 4th quarter valued at $44,000. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of Boeing in the 4th quarter valued at $48,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of BA traded down $3.43 during mid-day trading on Friday, reaching $177.27. The stock had a trading volume of 5,097,978 shares, compared to its average volume of 8,697,413. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The business’s fifty day moving average is $177.44 and its 200 day moving average is $202.72. The firm has a market cap of $108.82 billion, a price-to-earnings ratio of -49.94 and a beta of 1.55.

Boeing (NYSE:BAGet Free Report) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. As a group, sell-side analysts anticipate that The Boeing Company will post -1.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on BA. Stifel Nicolaus reiterated a “buy” rating and issued a $240.00 target price on shares of Boeing in a research note on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. TD Cowen reduced their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Bank of America upped their price objective on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Melius restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $220.89.

View Our Latest Stock Analysis on BA

Boeing Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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