CX Institutional Buys 1,089 Shares of The Boeing Company (NYSE:BA)

CX Institutional grew its stake in The Boeing Company (NYSE:BA) by 23.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,679 shares of the aircraft producer’s stock after acquiring an additional 1,089 shares during the period. CX Institutional’s holdings in Boeing were worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Impact Partnership Wealth LLC bought a new position in shares of Boeing in the fourth quarter worth about $205,000. RFG Advisory LLC grew its position in shares of Boeing by 8.4% during the 4th quarter. RFG Advisory LLC now owns 2,712 shares of the aircraft producer’s stock worth $480,000 after buying an additional 210 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Boeing by 5.2% during the 4th quarter. Cornerstone Wealth Management LLC now owns 14,685 shares of the aircraft producer’s stock worth $2,599,000 after buying an additional 728 shares during the period. Hedges Asset Management LLC grew its position in shares of Boeing by 21.4% during the 4th quarter. Hedges Asset Management LLC now owns 31,420 shares of the aircraft producer’s stock worth $5,561,000 after buying an additional 5,545 shares during the period. Finally, IVC Wealth Advisors LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $227,000. 64.82% of the stock is owned by institutional investors.

Boeing Stock Down 1.4 %

Boeing stock opened at $175.95 on Friday. The stock has a market capitalization of $108.77 billion, a PE ratio of -13.64 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63. The company has a 50 day moving average of $166.42 and a 200-day moving average of $164.56.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($3.26) earnings per share. Equities analysts anticipate that The Boeing Company will post -16.39 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on BA. Citigroup lowered their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research report on Friday. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. TD Cowen lowered their price target 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. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, Susquehanna decreased their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Two equities research 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 stock. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus target price of $192.11.

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.