Hudock Inc. Makes New Investment in The Boeing Company (NYSE:BA)

Hudock Inc. bought a new position in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,252 shares of the aircraft producer’s stock, valued at approximately $222,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in Boeing by 38.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 98,456 shares of the aircraft producer’s stock worth $16,922,000 after purchasing an additional 27,366 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of Boeing by 4.2% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 4,280 shares of the aircraft producer’s stock worth $758,000 after buying an additional 171 shares during the last quarter. Kentucky Trust Co acquired a new position in shares of Boeing during the 4th quarter worth about $497,000. Hartford Investment Management Co. boosted its stake in shares of Boeing by 25.5% during the 4th quarter. Hartford Investment Management Co. now owns 46,197 shares of the aircraft producer’s stock worth $8,177,000 after buying an additional 9,392 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC boosted its stake in shares of Boeing by 52.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 13,941 shares of the aircraft producer’s stock worth $2,468,000 after buying an additional 4,774 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BA. Robert W. Baird reduced their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. UBS Group increased their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Wells Fargo & Company increased their price objective on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Morgan Stanley reduced their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Price Performance

Boeing stock opened at $186.04 on Thursday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The company’s 50-day moving average price is $173.21 and its two-hundred day moving average price is $163.95.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the company earned ($0.47) EPS. On average, analysts forecast that The Boeing Company will post -2.3 EPS for the current fiscal year.

Boeing 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.