Horan Capital Advisors LLC. Buys Shares of 867 The Boeing Company (NYSE:BA)

Horan Capital Advisors LLC. acquired a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, HoldingsChannel reports. The firm acquired 867 shares of the aircraft producer’s stock, valued at approximately $226,000.

Several other hedge funds also recently bought and sold shares of BA. CNB Bank lifted its stake in Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares during the last quarter. Evolution Advisers Inc. bought a new stake in shares of Boeing during the 4th quarter worth about $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Boeing in the fourth quarter worth $28,000. Naples Money Management LLC acquired a new position in Boeing during the 4th quarter worth $44,000. Finally, Blue Bell Private Wealth Management LLC increased its position in Boeing by 66.2% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after buying an additional 94 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. Bank of America cut their price target on Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Tuesday, March 26th. TD Cowen reduced their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 25th. Sanford C. Bernstein dropped their price target on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Finally, Wells Fargo & Company decreased their price objective on Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $222.41.

Boeing Trading Up 0.5 %

NYSE BA traded up $0.94 on Friday, reaching $179.79. The company had a trading volume of 5,416,263 shares, compared to its average volume of 8,228,397. The stock’s 50 day moving average is $183.74 and its 200-day moving average is $205.91. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 firm had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.75) EPS. Research analysts forecast that The Boeing Company will post -0.18 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.