Hara Capital LLC Takes Position in The Boeing Company (NYSE:BA)

Hara Capital LLC acquired a new position in The Boeing Company (NYSE:BA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 810 shares of the aircraft producer’s stock, valued at approximately $123,000.

Several other hedge funds also recently modified their holdings of the business. Keudell Morrison Wealth Management raised its position in shares of Boeing by 3.2% in the third quarter. Keudell Morrison Wealth Management now owns 3,788 shares of the aircraft producer’s stock valued at $576,000 after purchasing an additional 116 shares during the period. Washington Trust Bank raised its holdings in Boeing by 2.8% in the 3rd quarter. Washington Trust Bank now owns 65,286 shares of the aircraft producer’s stock valued at $9,926,000 after acquiring an additional 1,765 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after purchasing an additional 38,332 shares in the last quarter. Forte Capital LLC ADV lifted its position in Boeing by 14.9% in the third quarter. Forte Capital LLC ADV now owns 2,694 shares of the aircraft producer’s stock worth $410,000 after purchasing an additional 350 shares during the period. Finally, Spinnaker Trust boosted its stake in Boeing by 17.4% during the third quarter. Spinnaker Trust now owns 1,618 shares of the aircraft producer’s stock worth $246,000 after buying an additional 240 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $150.98 on Friday. The company’s 50 day simple moving average is $156.17 and its 200-day simple moving average is $170.60. The Boeing Company has a one year low of $144.13 and a one year high of $267.54. The stock has a market capitalization of $93.34 billion, a P/E ratio of -11.70 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the company posted ($3.26) EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. As a group, analysts anticipate that The Boeing Company will post -16.09 EPS for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent research reports. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. The Goldman Sachs Group cut their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Finally, Susquehanna lowered their price target on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $190.37.

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.