Keystone Financial Group Inc. Makes New Investment in The Boeing Company (NYSE:BA)

Keystone Financial Group Inc. bought a new position in shares of The Boeing Company (NYSE:BA) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 190 shares of the aircraft producer’s stock, valued at approximately $34,000.

Other institutional investors 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 worth approximately $27,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing during the fourth quarter worth approximately $28,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the third quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new position in Boeing during the fourth quarter valued at approximately $33,000. Finally, Cedar Wealth Management LLC purchased a new position in Boeing during the third quarter valued at approximately $30,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BA. Robert W. Baird cut their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Morgan Stanley cut their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, Susquehanna lifted their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $195.00.

Boeing Trading Up 1.6 %

NYSE:BA opened at $184.81 on Friday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $213.77. The firm has a fifty day simple moving average of $171.05 and a 200-day simple moving average of $164.12.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the business posted ($0.47) EPS. On average, sell-side analysts predict that The Boeing Company will post -2.12 earnings per share for the current year.

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.