First National Corp MA ADV Takes $204,000 Position in The Boeing Company (NYSE:BA)

First National Corp MA ADV bought a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,150 shares of the aircraft producer’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BA. Chaney Capital Management Inc. boosted its position in Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock worth $508,000 after purchasing an additional 58 shares during the period. Farmers & Merchants Investments Inc. raised its stake in shares of Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after purchasing an additional 59 shares during the period. Sterneck Capital Management LLC lifted its position in shares of Boeing by 2.3% during the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after purchasing an additional 66 shares in the last quarter. Peoples Financial Services CORP. boosted its stake in shares of Boeing by 0.8% in the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares during the period. Finally, GSG Advisors LLC grew its stake in shares of Boeing by 4.7% during the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after acquiring an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $181.51 on Monday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $213.10. The firm has a market capitalization of $136.14 billion, a PE ratio of -9.91 and a beta of 1.52. The business’s fifty day moving average price is $172.22 and its two-hundred day moving average price is $164.13.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 quarter in the previous year, the company posted ($0.47) EPS. Equities research analysts expect that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Wells Fargo & Company increased their target price on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Morgan Stanley dropped their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Susquehanna increased their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.00.

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.