CoreFirst Bank & Trust Takes Position in The Boeing Company (NYSE:BA)

CoreFirst Bank & Trust acquired a new position in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 381 shares of the aircraft producer’s stock, valued at approximately $67,000.

Several other hedge funds have also recently bought and sold shares of BA. Sierra Ocean LLC acquired a new stake in shares of Boeing in the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the 4th quarter worth approximately $27,000. Fiduciary Advisors Inc. bought a new stake in Boeing during the fourth quarter worth approximately $28,000. HighMark Wealth Management LLC grew its holdings in Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC raised its position in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BA has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. StockNews.com upgraded Boeing to a “sell” rating in a research note on Wednesday, March 12th. Finally, Wells Fargo & Company lifted their price target on Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $195.68.

Boeing Stock Performance

Shares of NYSE BA opened at $182.71 on Wednesday. The business has a fifty day moving average of $173.50 and a two-hundred day moving average of $163.90. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95. The stock has a market cap of $137.05 billion, a PE ratio of -9.97 and a beta of 1.53.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the business posted ($0.47) EPS. Analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by company insiders.

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.