Monetta Financial Services Inc. Invests $1.43 Million in The Boeing Company (NYSE:BA)

Monetta Financial Services Inc. acquired a new position in The Boeing Company (NYSE:BA) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 8,100 shares of the aircraft producer’s stock, valued at approximately $1,434,000. Boeing makes up about 1.2% of Monetta Financial Services Inc.’s holdings, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of BA. Raymond James Financial Inc. purchased a new position in shares of Boeing in the 4th quarter worth approximately $230,944,000. Amundi boosted its stake in Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after purchasing an additional 1,292,417 shares in the last quarter. Burkehill Global Management LP acquired a new stake in Boeing in the 4th quarter worth approximately $212,400,000. Franklin Resources Inc. boosted its stake in Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after purchasing an additional 1,055,472 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Boeing by 30.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock worth $739,585,000 after purchasing an additional 981,796 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

BA has been the subject of a number of recent analyst reports. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Citigroup lifted their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Susquehanna lifted 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, UBS Group lifted their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.68.

Boeing Stock Performance

Shares of NYSE BA opened at $172.82 on Friday. The firm has a market cap of $129.63 billion, a PE ratio of -9.43 and a beta of 1.53. The firm has a fifty day moving average of $172.86 and a 200 day moving average of $163.54. The Boeing Company has a one year low of $137.03 and a one year high of $196.95.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the firm earned ($0.47) EPS. On average, equities analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.