Focus Financial Network Inc. ADV Takes Position in The Boeing Company (NYSE:BA)

Focus Financial Network Inc. ADV purchased a new position in The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 41,503 shares of the aircraft producer’s stock, valued at approximately $10,818,000.

Several other institutional investors also recently bought and sold shares of the company. Strategic Blueprint LLC lifted its holdings in Boeing by 8.7% during the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after purchasing an additional 264 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its position in Boeing by 41.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after purchasing an additional 4,622 shares during the period. Orca Investment Management LLC lifted its holdings in shares of Boeing by 5.5% in the 4th quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after acquiring an additional 195 shares during the last quarter. One Charles Private Wealth Services LLC bought a new position in shares of Boeing during the fourth quarter valued at approximately $205,000. Finally, Morse Asset Management Inc grew its position in Boeing by 65.0% in the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after acquiring an additional 3,152 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Up 0.3 %

NYSE BA traded up $0.56 on Tuesday, hitting $175.08. 5,257,835 shares of the company’s stock traded hands, compared to its average volume of 9,132,582. The firm’s 50-day moving average price is $178.91 and its two-hundred day moving average price is $205.50. The firm has a market capitalization of $107.48 billion, a PE ratio of -49.29 and a beta of 1.54. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. On average, research analysts anticipate that The Boeing Company will post -1.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on BA shares. Melius Research restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. The Goldman Sachs Group lowered their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Royal Bank of Canada dropped their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Finally, TD Cowen reduced their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Boeing presently has a consensus rating of “Hold” and a consensus target price of $221.24.

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.