Hancock Whitney Corp Increases Stake in The Boeing Company (NYSE:BA)

Hancock Whitney Corp increased 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 filing with the Securities and Exchange Commission. The firm owned 7,582 shares of the aircraft producer’s stock after purchasing an additional 72 shares during the period. Hancock Whitney Corp’s holdings in Boeing were worth $1,380,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC boosted its stake in shares of Boeing by 0.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after buying an additional 56 shares during the period. Madison Park Capital Advisors LLC grew its holdings in Boeing by 4.9% during the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after acquiring an additional 56 shares in the last quarter. Angeles Wealth Management LLC increased its position in shares of Boeing by 4.3% in the 4th quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock valued at $381,000 after purchasing an additional 60 shares during the last quarter. Bridge Creek Capital Management LLC raised its holdings in shares of Boeing by 3.1% in the 1st quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after purchasing an additional 60 shares in the last quarter. Finally, Wealth Alliance Advisory Group LLC lifted its position in shares of Boeing by 1.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after purchasing an additional 60 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of BA opened at $153.29 on Monday. The Boeing Company has a 1 year low of $152.60 and a 1 year high of $267.54. The company’s 50 day simple moving average is $171.21 and its 200 day simple moving average is $177.41. The company has a market capitalization of $94.10 billion, a price-to-earnings ratio of -43.18 and a beta of 1.57.

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

Analysts Set New Price Targets

BA has been the topic of a number of analyst reports. Stifel Nicolaus raised their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Baird R W raised shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Bank of America upped their target price on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Finally, Sanford C. Bernstein reduced their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.29.

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.