156 Shares in The Boeing Company (NYSE:BA) Purchased by Fiduciary Advisors Inc.

Fiduciary Advisors Inc. bought a new stake in The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 156 shares of the aircraft producer’s stock, valued at approximately $28,000.

Several other institutional investors also recently bought and sold shares of the business. Cibc World Market Inc. raised its stake in shares of Boeing by 69.4% during the fourth quarter. Cibc World Market Inc. now owns 148,782 shares of the aircraft producer’s stock valued at $26,334,000 after purchasing an additional 60,953 shares during the period. Clarity Financial LLC purchased a new stake in shares of Boeing during the fourth quarter worth about $664,000. Strategic Wealth Investment Group LLC lifted its stake in shares of Boeing by 3.3% in the fourth quarter. Strategic Wealth Investment Group LLC now owns 85,650 shares of the aircraft producer’s stock worth $15,160,000 after acquiring an additional 2,726 shares in the last quarter. Calton & Associates Inc. grew its stake in Boeing by 278.4% during the 4th quarter. Calton & Associates Inc. now owns 6,713 shares of the aircraft producer’s stock valued at $1,188,000 after purchasing an additional 4,939 shares in the last quarter. Finally, Crews Bank & Trust purchased a new stake in Boeing during the 4th quarter worth approximately $55,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Up 3.3 %

Shares of Boeing stock opened at $179.47 on Friday. The company’s fifty day simple moving average is $168.24 and its two-hundred day simple moving average is $164.26. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $214.63. The company has a market cap of $110.95 billion, a P/E ratio of -13.91 and a beta of 1.52.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) EPS. Analysts predict that The Boeing Company will post -16.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on BA shares. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Wells Fargo & Company boosted their target price on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday. Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Morgan Stanley lowered their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Finally, TD Cowen reduced their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Company 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.