Telos Capital Management Inc. Takes Position in The Boeing Company (NYSE:BA)

Telos Capital Management Inc. bought a new position in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,259 shares of the aircraft producer’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also modified their holdings of BA. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing during the third quarter worth about $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing in the 4th quarter valued at approximately $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing in the third quarter valued at approximately $30,000. Finally, Heck Capital Advisors LLC bought a new position in Boeing during the 4th quarter worth about $33,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BA has been the topic of several recent research reports. UBS Group lifted their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. TD Cowen cut their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Susquehanna upped their price target on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley lowered their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Trading Down 1.8 %

Shares of BA stock opened at $181.51 on Friday. The business’s 50-day moving average price is $171.70 and its 200-day moving average price is $164.27. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $213.10. The firm has a market capitalization of $112.21 billion, a price-to-earnings ratio of -9.91 and a beta of 1.52.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last 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 fiscal year.

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.