Money Concepts Capital Corp Raises Stock Position in The Boeing Company (NYSE:BA)

Money Concepts Capital Corp lifted its holdings in The Boeing Company (NYSE:BA) by 13.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,177 shares of the aircraft producer’s stock after acquiring an additional 253 shares during the quarter. Money Concepts Capital Corp’s holdings in Boeing were worth $385,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BA. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. bought a new position in Boeing in the 4th quarter worth about $28,000. Cedar Wealth Management LLC bought a new position in Boeing in the 3rd quarter worth about $30,000. Finally, Heck Capital Advisors LLC bought a new position in Boeing in the 4th quarter worth about $33,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. 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. Morgan Stanley dropped their price target 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. Robert W. Baird dropped their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Wells Fargo & Company upped their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. 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 issued a strong buy rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Boeing Stock Up 1.6 %

NYSE BA opened at $184.81 on Friday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $213.77. The firm has a market capitalization of $114.25 billion, a P/E ratio of -10.09 and a beta of 1.52. The company has a 50-day moving average price of $171.05 and a 200-day moving average price of $164.12.

Boeing (NYSE:BA) last released its quarterly 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 quarter in the previous year, the firm earned ($0.47) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -2.12 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.