Saxon Interests Inc. Buys Shares of 1,425 The Boeing Company (NYSE:BA)

Saxon Interests Inc. purchased a new position in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,425 shares of the aircraft producer’s stock, valued at approximately $252,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealthcare Advisory Partners LLC raised its stake in Boeing by 8.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 9,122 shares of the aircraft producer’s stock valued at $1,615,000 after purchasing an additional 700 shares during the last quarter. Everpar Advisors LLC grew its holdings in Boeing by 15.2% in the 4th quarter. Everpar Advisors LLC now owns 4,573 shares of the aircraft producer’s stock valued at $809,000 after buying an additional 602 shares during the period. KMG Fiduciary Partners LLC raised its stake in Boeing by 5.9% during the fourth quarter. KMG Fiduciary Partners LLC now owns 3,529 shares of the aircraft producer’s stock worth $625,000 after purchasing an additional 196 shares during the period. Decker Retirement Planning Inc. acquired a new stake in shares of Boeing during the 4th quarter worth $234,000. Finally, Yarbrough Capital LLC raised its position in shares of Boeing by 2.7% in the 4th quarter. Yarbrough Capital LLC now owns 83,111 shares of the aircraft producer’s stock worth $14,711,000 after buying an additional 2,164 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BA shares. Morgan Stanley dropped their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. TD Cowen dropped their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Susquehanna decreased their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Finally, Wells Fargo & Company reduced their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Stock Up 1.4 %

BA stock opened at $171.24 on Friday. The firm’s 50-day simple moving average is $162.40 and its 200 day simple moving average is $164.98. The stock has a market cap of $105.86 billion, a PE ratio of -13.27 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 $217.59.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the company posted ($3.26) EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities analysts forecast that The Boeing Company will post -16.43 EPS for the current fiscal year.

Boeing 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.