Jackson Hole Capital Partners LLC Buys 139 Shares of The Boeing Company (NYSE:BA)

Jackson Hole Capital Partners LLC raised its stake in The Boeing Company (NYSE:BA) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,024 shares of the aircraft producer’s stock after purchasing an additional 139 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Boeing were worth $1,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. DAVENPORT & Co LLC grew its holdings in shares of Boeing by 2.2% during the third quarter. DAVENPORT & Co LLC now owns 24,850 shares of the aircraft producer’s stock valued at $4,763,000 after buying an additional 545 shares during the last quarter. Park Place Capital Corp grew its holdings in shares of 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 buying an additional 137 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Boeing by 81.0% during the third quarter. GHP Investment Advisors Inc. now owns 1,788 shares of the aircraft producer’s stock valued at $331,000 after buying an additional 800 shares during the last quarter. B.O.S.S. Retirement Advisors LLC grew its holdings in shares of Boeing by 26.7% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 1,498 shares of the aircraft producer’s stock valued at $287,000 after buying an additional 316 shares during the last quarter. Finally, Strategic Blueprint LLC grew its holdings in shares of Boeing by 24.4% during the third quarter. Strategic Blueprint LLC now owns 3,031 shares of the aircraft producer’s stock valued at $581,000 after buying an additional 595 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Trading Up 1.5 %

Shares of NYSE BA traded up $2.48 during midday trading on Thursday, hitting $166.81. The company’s stock had a trading volume of 12,448,376 shares, compared to its average volume of 9,789,682. The stock has a fifty day moving average price of $187.26 and a 200 day moving average price of $206.61. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The firm has a market capitalization of $101.78 billion, a price-to-earnings ratio of -45.33, a P/E/G ratio of 133.97 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $21.14 billion. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the firm earned ($1.75) EPS. On average, equities research analysts predict that The Boeing Company will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Susquehanna cut their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Melius restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. TD Cowen cut their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, March 25th. The Goldman Sachs Group cut their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Finally, UBS Group cut their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. One 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 company. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $222.41.

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.