Check Capital Management Inc. CA Invests $268,000 in The Boeing Company (NYSE:BA)

Check Capital Management Inc. CA acquired a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,030 shares of the aircraft producer’s stock, valued at approximately $268,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Boeing by 0.8% during the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after acquiring an additional 356,496 shares during the period. Moneta Group Investment Advisors LLC raised its stake in shares of Boeing by 109,667.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after purchasing an additional 16,041,103 shares during the period. Morgan Stanley lifted its holdings in shares of Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after purchasing an additional 91,801 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Boeing by 7.9% during the second quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer’s stock worth $1,309,361,000 after buying an additional 452,721 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Boeing by 3.2% during the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock worth $949,042,000 after buying an additional 153,168 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock traded down $0.39 during trading hours on Friday, hitting $169.84. The company had a trading volume of 4,689,767 shares, compared to its average volume of 9,703,083. The Boeing Company has a one year low of $167.53 and a one year high of $267.54. The firm has a market cap of $103.63 billion, a PE ratio of -46.15, a PEG ratio of 116.16 and a beta of 1.52. The firm has a 50-day moving average of $191.08 and a 200 day moving average of $207.28.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate 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. During the same period in the previous year, the business posted ($1.75) earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, research analysts expect that The Boeing Company will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on BA. UBS Group cut their target price on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. The Goldman Sachs Group reduced their target price on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. TD Cowen lowered their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, March 25th. Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Tuesday, March 26th. Finally, Melius reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $229.35.

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.