American Financial Advisors LLC Has $374,000 Stock Position in The Boeing Company (NYSE:BA)

American Financial Advisors LLC lowered its position in shares of The Boeing Company (NYSE:BA) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,114 shares of the aircraft producer’s stock after selling 100 shares during the quarter. American Financial Advisors LLC’s holdings in Boeing were worth $374,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. 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 Boeing during the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. acquired a new position in Boeing in the 4th quarter valued at approximately $28,000. Cedar Wealth Management LLC purchased a new stake in Boeing in the 3rd quarter worth approximately $30,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Boeing during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on BA. JPMorgan Chase & Co. lifted their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Stock Performance

Shares of BA opened at $184.52 on Friday. The company has a 50-day simple moving average of $174.96 and a 200-day simple moving average of $164.24. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10. The firm has a market capitalization of $138.40 billion, a P/E ratio of -10.07 and a beta of 1.52.

Boeing (NYSE:BA) last posted 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 business earned ($0.47) earnings per share. As a group, equities analysts forecast that The Boeing Company will post -2.3 earnings per share for the current year.

Boeing Company 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.