Cigna Investments Inc. New Purchases 1,280 Shares of The Boeing Company (NYSE:BA)

Cigna Investments Inc. New increased its stake in shares of The Boeing Company (NYSE:BA) by 21.4% in the fourth quarter, HoldingsChannel reports. The firm owned 7,272 shares of the aircraft producer’s stock after buying an additional 1,280 shares during the period. Cigna Investments Inc. New’s holdings in Boeing were worth $1,287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC raised its stake in shares of Boeing by 691.3% in the third quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock worth $262,000 after purchasing an additional 1,507 shares during the last quarter. Orca Investment Management LLC lifted its position in shares of Boeing by 10.4% in the third quarter. Orca Investment Management LLC now owns 3,840 shares of the aircraft producer’s stock valued at $584,000 after acquiring an additional 361 shares in the last quarter. Procyon Advisors LLC lifted its position in shares of Boeing by 2.5% in the third quarter. Procyon Advisors LLC now owns 54,570 shares of the aircraft producer’s stock valued at $8,299,000 after acquiring an additional 1,355 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of Boeing in the third quarter valued at approximately $141,000. Finally, Adamsbrown Wealth Consultants LLC lifted its position in shares of Boeing by 8.5% in the third quarter. Adamsbrown Wealth Consultants LLC now owns 2,204 shares of the aircraft producer’s stock valued at $335,000 after acquiring an additional 173 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of NYSE:BA opened at $180.58 on Tuesday. The stock has a market cap of $135.45 billion, a price-to-earnings ratio of -9.86 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $209.80. The stock’s 50 day moving average price is $172.22 and its 200 day moving average price is $164.02.

Boeing (NYSE:BA) last posted its quarterly 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 period in the previous year, the business posted ($0.47) EPS. On average, sell-side analysts expect that The Boeing Company will post -2.3 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on BA shares. UBS Group lifted their price objective on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Finally, DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average target price of $195.16.

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.