2,725 Shares in The Boeing Company (NYSE:BA) Acquired by Fiduciary Alliance LLC

Fiduciary Alliance LLC purchased a new position in The Boeing Company (NYSE:BAFree Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 2,725 shares of the aircraft producer’s stock, valued at approximately $482,000.

Other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the third quarter worth approximately $28,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of Boeing during the 2nd quarter worth $33,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the third quarter worth $30,000. Fairscale Capital LLC purchased a new position in Boeing in the second quarter valued at $59,000. Finally, Planning Capital Management Corp raised its stake in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 2.0 %

Shares of BA stock opened at $167.17 on Wednesday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59. The company has a market cap of $103.34 billion, a price-to-earnings ratio of -12.96 and a beta of 1.52. The stock has a 50 day simple moving average of $162.02 and a 200-day simple moving average of $164.97.

Boeing (NYSE:BAGet Free Report) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the business posted ($3.26) earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities analysts forecast that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Wells Fargo & Company reduced their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Jefferies Financial Group reduced their target price on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $192.21.

Check Out Our Latest Analysis on BA

Boeing Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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