Clayton Financial Group LLC Makes New Investment in The Boeing Company (NYSE:BA)

Clayton Financial Group LLC acquired a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,235 shares of the aircraft producer’s stock, valued at approximately $1,104,000.

Other hedge funds have also made changes to their positions in the company. Money Concepts Capital Corp raised its stake in Boeing by 13.1% during the 4th quarter. Money Concepts Capital Corp now owns 2,177 shares of the aircraft producer’s stock valued at $385,000 after purchasing an additional 253 shares during the period. Stratos Investment Management LLC increased its holdings in shares of Boeing by 16.0% in the 4th quarter. Stratos Investment Management LLC now owns 3,958 shares of the aircraft producer’s stock valued at $701,000 after purchasing an additional 547 shares during the period. Yousif Capital Management LLC lifted its position in shares of Boeing by 20.3% in the fourth quarter. Yousif Capital Management LLC now owns 80,546 shares of the aircraft producer’s stock worth $14,257,000 after purchasing an additional 13,586 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Boeing by 26.5% during the fourth quarter. Retirement Systems of Alabama now owns 161,857 shares of the aircraft producer’s stock worth $28,649,000 after purchasing an additional 33,932 shares during the period. Finally, Sargent Investment Group LLC purchased a new position in Boeing during the fourth quarter valued at approximately $214,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on BA shares. Wells Fargo & Company upped their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Citigroup reduced their target price on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Finally, Morgan Stanley reduced their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Boeing Price Performance

NYSE:BA opened at $176.40 on Wednesday. The company has a fifty day moving average price of $170.47 and a 200 day moving average price of $164.00. The stock has a market cap of $109.05 billion, a P/E ratio of -9.63 and a beta of 1.52. The Boeing Company has a one year low of $137.03 and a one year high of $213.77.

Boeing (NYSE:BA) last posted 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 quarter in the previous year, the business earned ($0.47) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -2.12 EPS for the current 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.