MQS Management LLC Purchases Shares of 1,227 The Boeing Company (NYSE:BA)

MQS Management LLC purchased a new stake in The Boeing Company (NYSE:BA) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,227 shares of the aircraft producer’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Benchmark Financial Wealth Advisors LLC grew its stake in shares of Boeing by 2.7% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 47 shares during the last quarter. SouthState Corp boosted its holdings in shares of Boeing by 2.7% in the fourth quarter. SouthState Corp now owns 1,891 shares of the aircraft producer’s stock worth $493,000 after buying an additional 50 shares during the period. JFS Wealth Advisors LLC boosted its holdings in shares of Boeing by 2.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 2,536 shares of the aircraft producer’s stock worth $661,000 after buying an additional 50 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Boeing by 1.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock worth $1,094,000 after buying an additional 50 shares during the period. Finally, Hengehold Capital Management LLC boosted its holdings in shares of Boeing by 3.8% in the fourth quarter. Hengehold Capital Management LLC now owns 1,395 shares of the aircraft producer’s stock worth $364,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on BA shares. Melius reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Barclays decreased their target price on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. Robert W. Baird decreased their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Stifel Nicolaus restated a “buy” rating and set a $240.00 price target on shares of Boeing in a report on Wednesday, May 15th. Finally, Royal Bank of Canada decreased their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Stock Up 2.4 %

Shares of NYSE:BA traded up $4.28 during trading on Thursday, reaching $184.35. The stock had a trading volume of 6,003,602 shares, compared to its average volume of 8,172,658. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The firm has a market capitalization of $113.17 billion, a price-to-earnings ratio of -51.93 and a beta of 1.56. The stock has a fifty day simple moving average of $181.70 and a two-hundred day simple moving average of $189.05.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. On average, analysts forecast that The Boeing Company will post -2 EPS for the current year.

Boeing Company 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.