Cigna Investments Inc. New Raises Stock Position in The Boeing Company (NYSE:BA)

Cigna Investments Inc. New grew its stake in The Boeing Company (NYSE:BA) by 21.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,272 shares of the aircraft producer’s stock after acquiring 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 filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in BA. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing in the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the 4th quarter worth about $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing during the 3rd quarter worth about $30,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Boeing during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $180.58 on Tuesday. The company has a market capitalization of $135.45 billion, a price-to-earnings ratio of -9.86 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $209.80. The firm’s fifty day moving average price is $172.22 and its two-hundred day moving average price is $164.02.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the company posted ($0.47) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -2.3 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a report on Tuesday, October 15th. Wells Fargo & Company raised 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. Robert W. Baird decreased their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

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.