Strategic Financial Concepts LLC Purchases New Holdings in The Boeing Company (NYSE:BA)

Strategic Financial Concepts LLC bought a new stake in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,928 shares of the aircraft producer’s stock, valued at approximately $3,704,000.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on BA. Morgan Stanley reduced their price target 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. Susquehanna boosted their target price on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Benchmark reissued a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Finally, Citigroup raised their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Performance

Shares of NYSE:BA opened at $184.52 on Monday. The firm has a market cap of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52. The firm has a fifty day moving average price of $174.96 and a 200 day moving average price of $164.09. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10.

Boeing (NYSE:BA) last released its quarterly earnings data 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 last year, the company earned ($0.47) EPS. As a group, research analysts predict that The Boeing Company will post -2.3 earnings per share for the current year.

Boeing Company 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.