Fiduciary Advisors Inc. Makes New Investment in The Boeing Company (NYSE:BA)

Fiduciary Advisors Inc. purchased a new position in The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 156 shares of the aircraft producer’s stock, valued at approximately $28,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing during the third quarter valued at about $28,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing in the third quarter worth $30,000. Albion Financial Group UT lifted its position in Boeing by 116.1% during the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after acquiring an additional 159 shares during the period. Finally, Crews Bank & Trust purchased a new stake in Boeing in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $179.47 on Friday. The stock has a market capitalization of $110.95 billion, a PE ratio of -13.91 and a beta of 1.52. The company’s 50-day simple moving average is $168.24 and its 200-day simple moving average is $164.26. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $214.63.

Boeing (NYSE:BA) last posted its quarterly 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 period last year, the business posted ($0.47) EPS. On average, sell-side analysts predict that The Boeing Company will post -16.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. TD Cowen cut their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Robert W. Baird lowered their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research note on Tuesday, October 15th. Finally, Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

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.