Hudock Inc. Invests $222,000 in The Boeing Company (NYSE:BA)

Hudock Inc. bought a new position in The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,252 shares of the aircraft producer’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the 3rd quarter worth $28,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the 4th quarter worth $28,000. Cedar Wealth Management LLC acquired a new position in Boeing during the 3rd quarter worth $30,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing during the 4th quarter worth $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on BA shares. UBS Group upped their price objective on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Susquehanna upped their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Robert W. Baird reduced their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Wells Fargo & Company upped their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Performance

BA opened at $186.04 on Thursday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10. The company has a fifty day simple moving average of $173.21 and a 200 day simple moving average of $163.95.

Boeing (NYSE:BA) last released its quarterly earnings data 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 last year, the company posted ($0.47) EPS. On average, analysts forecast that The Boeing Company will post -2.3 EPS for the current fiscal 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.