Trilogy Capital Inc. Takes Position in The Boeing Company (NYSE:BA)

Trilogy Capital Inc. purchased a new stake in The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,192 shares of the aircraft producer’s stock, valued at approximately $211,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new position in Boeing in the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing in the 4th quarter valued at $28,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing in the 3rd quarter valued at $30,000. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing during the 4th quarter worth $33,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $181.51 on Friday. The business has a 50 day simple moving average of $171.70 and a 200-day simple moving average of $164.27. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $213.10. The stock has a market capitalization of $112.21 billion, a P/E ratio of -9.91 and a beta of 1.52.

Boeing (NYSE:BA) last issued its 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 posted ($0.47) EPS. Research analysts anticipate that The Boeing Company will post -2.12 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on BA shares. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. TD Cowen dropped their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Robert W. Baird decreased their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, UBS Group lifted their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Two equities 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

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.