1,176 Shares in The Boeing Company (NYSE:BA) Acquired by Asset Planning Inc

Asset Planning Inc purchased a new position in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,176 shares of the aircraft producer’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the third quarter worth $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the fourth quarter worth $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing in the third quarter worth $30,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Boeing in the fourth quarter worth $33,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.3 %

BA stock opened at $185.75 on Friday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10. The firm’s 50-day simple moving average is $173.77 and its 200 day simple moving average is $164.10. The stock has a market cap of $139.33 billion, a PE ratio of -10.14 and a beta of 1.52.

Boeing (NYSE:BA) last released its 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) EPS. Equities analysts forecast that The Boeing Company will post -2.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on BA. JPMorgan Chase & Co. increased their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Morgan Stanley decreased their target price 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 upped 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. Finally, Citigroup upped their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday. Two 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average target price of $195.16.

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.