Opinicus Capital Inc. Takes Position in The Boeing Company (NYSE:BA)

Opinicus Capital Inc. acquired a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,227 shares of the aircraft producer’s stock, valued at approximately $320,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CNB Bank boosted its stake in shares of Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Evolution Advisers Inc. acquired a new stake in Boeing during the fourth quarter worth approximately $28,000. Lowe Wealth Advisors LLC purchased a new stake in Boeing in the 3rd quarter worth approximately $43,000. Naples Money Management LLC acquired a new position in Boeing in the 4th quarter valued at $44,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in shares of Boeing by 66.2% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after purchasing an additional 94 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA traded up $0.41 during trading on Friday, hitting $167.22. The company had a trading volume of 7,208,103 shares, compared to its average volume of 7,379,195. The company has a market cap of $102.65 billion, a PE ratio of -47.12, a P/E/G ratio of 140.08 and a beta of 1.52. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The business has a 50-day moving average of $186.53 and a 200-day moving average of $206.46.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter last year, the company posted ($1.75) EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Research analysts forecast that The Boeing Company will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BA shares. Sanford C. Bernstein lowered their price objective on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. TD Cowen lowered their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 25th. Melius Research reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Royal Bank of Canada lowered their target price 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. 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 research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.