Check Capital Management Inc. CA Takes $220,000 Position in The Boeing Company (NYSE:BA)

Check Capital Management Inc. CA purchased a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,245 shares of the aircraft producer’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lakeridge Wealth Management LLC purchased a new stake in shares of Boeing in the 4th quarter worth $205,000. Beacon Capital Management LLC raised its holdings in shares of Boeing by 4.0% in the fourth quarter. Beacon Capital Management LLC now owns 1,709 shares of the aircraft producer’s stock valued at $302,000 after acquiring an additional 65 shares in the last quarter. Ellis Investment Partners LLC raised its holdings in shares of Boeing by 10.2% in the fourth quarter. Ellis Investment Partners LLC now owns 2,907 shares of the aircraft producer’s stock valued at $515,000 after acquiring an additional 270 shares in the last quarter. Guyasuta Investment Advisors Inc. increased its position in Boeing by 13.8% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 8,445 shares of the aircraft producer’s stock valued at $1,495,000 after purchasing an additional 1,025 shares during the period. Finally, Aveo Capital Partners LLC raised its holdings in shares of Boeing by 56.1% in the 4th quarter. Aveo Capital Partners LLC now owns 50,626 shares of the aircraft producer’s stock valued at $8,961,000 after purchasing an additional 18,193 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.5 %

Shares of NYSE BA opened at $184.52 on Friday. The stock has a market cap of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10. The company has a 50 day simple moving average of $174.96 and a two-hundred day simple moving average of $164.24.

Boeing (NYSE:BA) last announced 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 period in the prior year, the business earned ($0.47) earnings per share. Analysts forecast that The Boeing Company will post -2.3 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Benchmark reiterated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Citigroup lifted their target price on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

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.