The Boeing Company (NYSE:BA) Shares Acquired by Everhart Financial Group Inc.

Everhart Financial Group Inc. increased its holdings in shares of The Boeing Company (NYSE:BA) by 37.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,004 shares of the aircraft producer’s stock after purchasing an additional 823 shares during the quarter. Everhart Financial Group Inc.’s holdings in Boeing were worth $532,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing during the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the third quarter valued at $28,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing during the fourth quarter valued at $28,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing during the third quarter valued at $30,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Boeing during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA opened at $184.52 on Monday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The stock has a market capitalization of $138.40 billion, a PE ratio of -10.07 and a beta of 1.52. The stock has a 50-day simple moving average of $174.96 and a 200 day simple moving average of $164.09.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 period last year, the business earned ($0.47) earnings per share. As a group, equities research analysts forecast that The Boeing Company will post -2.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Robert W. Baird lowered their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.