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

Stonebridge Financial Group LLC purchased a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,149 shares of the aircraft producer’s stock, valued at approximately $203,000.

Other hedge funds have also modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in Boeing in the fourth quarter valued at about $27,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $28,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing in the 3rd quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $33,000. Finally, Keystone Financial Group Inc. purchased a new stake in Boeing in the fourth quarter valued at approximately $34,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on BA shares. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company increased their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Finally, Citigroup lifted their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Boeing Stock Down 0.0 %

BA stock opened at $180.51 on Wednesday. The stock has a market cap of $135.39 billion, a price-to-earnings ratio of -9.85 and a beta of 1.52. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $209.80. The business has a 50 day moving average price of $172.70 and a 200 day moving average price of $163.99.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the business earned ($0.47) EPS. As a group, sell-side analysts anticipate that The Boeing Company will post -2.3 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.