J.W. Cole Advisors Inc. Raises Stake in The Boeing Company (NYSE:BA)

J.W. Cole Advisors Inc. grew its stake in shares of The Boeing Company (NYSE:BA) by 27.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,365 shares of the aircraft producer’s stock after purchasing an additional 5,016 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Boeing were worth $4,136,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Valmark Advisers Inc. raised its holdings in shares of Boeing by 9.2% in the fourth quarter. Valmark Advisers Inc. now owns 3,427 shares of the aircraft producer’s stock valued at $607,000 after acquiring an additional 288 shares in the last quarter. MOKAN Wealth Management Inc. bought a new stake in shares of Boeing in the fourth quarter valued at about $222,000. Blue Zone Wealth Advisors LLC raised its holdings in shares of Boeing by 0.8% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 21,564 shares of the aircraft producer’s stock valued at $3,817,000 after acquiring an additional 169 shares in the last quarter. Lee Financial Co bought a new stake in shares of Boeing in the fourth quarter valued at about $222,000. Finally, Secured Retirement Advisors LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $696,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company lifted their price objective on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Morgan Stanley reduced their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Down 0.5 %

Shares of NYSE BA opened at $184.52 on Friday. The business’s 50 day moving average price is $174.96 and its 200 day moving average price is $164.24. The firm has a market cap of $138.40 billion, a P/E ratio of -10.07 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the firm posted ($0.47) earnings per share. As a group, research analysts expect that The Boeing Company will post -2.3 earnings per share for the current year.

About Boeing

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.