1,408 Shares in The Boeing Company (NYSE:BA) Purchased by Palacios Wealth Management LLC

Palacios Wealth Management LLC purchased a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,408 shares of the aircraft producer’s stock, valued at approximately $237,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new position in Boeing during the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing in the third quarter worth about $28,000. Fiduciary Advisors Inc. bought a new stake in Boeing in the fourth quarter worth about $28,000. Cedar Wealth Management LLC bought a new stake in Boeing in the third quarter worth about $30,000. Finally, Heck Capital Advisors LLC bought a new stake in Boeing in the fourth quarter worth about $33,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Down 0.3 %

Boeing stock opened at $185.75 on Friday. The firm’s 50 day simple moving average is $173.77 and its 200 day simple moving average is $164.10. The firm has a market capitalization of $139.33 billion, a PE ratio of -10.14 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10.

Boeing (NYSE:BA) last posted its earnings results 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 last year, the company earned ($0.47) EPS. Research analysts forecast that The Boeing Company will post -2.3 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Susquehanna lifted their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Robert W. Baird lowered their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

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.