Fi3 FINANCIAL ADVISORS LLC Acquires 132 Shares of The Boeing Company (NYSE:BA)

Fi3 FINANCIAL ADVISORS LLC grew its holdings in The Boeing Company (NYSE:BA) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,897 shares of the aircraft producer’s stock after purchasing an additional 132 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Boeing were worth $336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new position in shares of Boeing in the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new stake in Boeing during the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the third quarter worth approximately $28,000. Fiduciary Advisors Inc. bought a new stake in Boeing during the fourth quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC grew its stake in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BA. JPMorgan Chase & Co. upped their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. StockNews.com upgraded Boeing to a “sell” rating in a report on Wednesday, March 12th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Susquehanna boosted their price target on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $195.68.

Boeing Trading Up 3.2 %

Shares of BA stock opened at $178.32 on Friday. The business’s fifty day simple moving average is $172.98 and its 200-day simple moving average is $163.57. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95. The company has a market cap of $133.75 billion, a PE ratio of -9.73 and a beta of 1.53.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (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. On average, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by insiders.

Boeing Profile

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.