Falcon Wealth Planning Grows Stake in The Boeing Company (NYSE:BA)

Falcon Wealth Planning raised its stake in shares of The Boeing Company (NYSE:BA) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,184 shares of the aircraft producer’s stock after purchasing an additional 234 shares during the period. Falcon Wealth Planning’s holdings in Boeing were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Sunbelt Securities Inc. grew its holdings in Boeing by 3.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 6,143 shares of the aircraft producer’s stock valued at $1,118,000 after purchasing an additional 184 shares during the last quarter. Wallace Advisory Group LLC purchased a new position in shares of Boeing during the second quarter valued at approximately $244,000. Quarry LP grew its stake in shares of Boeing by 68.3% during the second quarter. Quarry LP now owns 611 shares of the aircraft producer’s stock valued at $111,000 after buying an additional 248 shares during the last quarter. Regal Investment Advisors LLC raised its holdings in shares of Boeing by 10.2% in the second quarter. Regal Investment Advisors LLC now owns 3,440 shares of the aircraft producer’s stock worth $626,000 after buying an additional 317 shares during the period. Finally, Kimelman & Baird LLC purchased a new position in Boeing during the 2nd quarter valued at $80,000. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Citigroup reduced their target price on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Susquehanna decreased their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Wells Fargo & Company decreased their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Finally, TD Cowen dropped their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.11.

Boeing Stock Up 1.5 %

NYSE BA opened at $177.79 on Wednesday. The firm has a market cap of $109.91 billion, a PE ratio of -13.78 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $214.63. The company has a 50 day moving average price of $167.04 and a 200 day moving average price of $164.23.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 quarter in the previous year, the firm posted ($0.47) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -16.39 earnings per share for the current fiscal 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.