The Boeing Company (NYSE:BA) Shares Bought by Hancock Whitney Corp

Hancock Whitney Corp lifted its position in shares of The Boeing Company (NYSE:BA) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,582 shares of the aircraft producer’s stock after buying an additional 72 shares during the period. Hancock Whitney Corp’s holdings in Boeing were worth $1,380,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BA. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing during the fourth quarter valued at approximately $26,000. Kiely Wealth Advisory Group Inc. purchased a new position in shares of Boeing in the 2nd quarter valued at $33,000. Vima LLC acquired a new position in shares of Boeing during the 4th quarter valued at $34,000. Hobbs Group Advisors LLC purchased a new stake in Boeing during the 2nd quarter worth $34,000. Finally, McClarren Financial Advisors Inc. increased its holdings in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after purchasing an additional 158 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on BA. Stifel Nicolaus boosted their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $225.00 price target on shares of Boeing in a research report on Tuesday, June 25th. Robert W. Baird lowered their price objective on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Bank of America lifted their price objective on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. Finally, UBS Group decreased their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $211.29.

Boeing Stock Performance

Shares of BA opened at $153.29 on Monday. The firm has a market capitalization of $94.10 billion, a price-to-earnings ratio of -43.18 and a beta of 1.57. The stock’s fifty day moving average is $171.21 and its 200-day moving average is $177.41. The Boeing Company has a one year low of $152.60 and a one year high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.82) earnings per share. Analysts forecast that The Boeing Company will post -4.26 EPS for the current fiscal year.

About Boeing

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.