3,930 Shares in The Boeing Company (NYSE:BA) Bought by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,930 shares of the aircraft producer’s stock, valued at approximately $696,000.

A number of other hedge funds have also recently modified their holdings of BA. Sugar Maple Asset Management LLC purchased a new position in Boeing during the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing during the fourth quarter valued at approximately $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing in the 3rd quarter worth approximately $30,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Boeing in the 4th quarter worth approximately $33,000. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BA. Susquehanna boosted their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Morgan Stanley dropped their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Price Performance

Shares of Boeing stock opened at $184.52 on Friday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10. The company’s fifty day simple moving average is $174.96 and its 200-day simple moving average is $164.24. The stock has a market capitalization of $138.40 billion, a PE ratio of -10.07 and a beta of 1.52.

Boeing (NYSE:BA) last released its earnings results 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 quarter in the prior year, the firm posted ($0.47) earnings per share. As a group, research analysts anticipate that The Boeing Company will post -2.3 EPS 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.