CFS Investment Advisory Services LLC Boosts Stock Position in The Boeing Company (NYSE:BA)

CFS Investment Advisory Services LLC lifted its stake in shares of The Boeing Company (NYSE:BA) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,954 shares of the aircraft producer’s stock after purchasing an additional 148 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Boeing were worth $523,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Grimes & Company Inc. boosted its holdings in Boeing by 25.1% in the 4th quarter. Grimes & Company Inc. now owns 3,867 shares of the aircraft producer’s stock valued at $684,000 after purchasing an additional 775 shares during the period. Goelzer Investment Management Inc. boosted its stake in Boeing by 3.6% during the fourth quarter. Goelzer Investment Management Inc. now owns 3,213 shares of the aircraft producer’s stock valued at $569,000 after buying an additional 113 shares during the period. Midwest Financial Group LLC grew its position in Boeing by 2.6% during the fourth quarter. Midwest Financial Group LLC now owns 8,775 shares of the aircraft producer’s stock worth $1,553,000 after buying an additional 222 shares in the last quarter. CX Institutional increased its stake in Boeing by 23.7% in the 4th quarter. CX Institutional now owns 5,679 shares of the aircraft producer’s stock worth $1,005,000 after acquiring an additional 1,089 shares during the last quarter. Finally, Impact Partnership Wealth LLC purchased a new stake in shares of Boeing in the 4th quarter valued at about $205,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BA has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Morgan Stanley lowered their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, Robert W. Baird cut their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $192.11.

Boeing Stock Down 1.4 %

BA opened at $175.95 on Friday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $214.63. The stock has a market cap of $108.77 billion, a PE ratio of -13.64 and a beta of 1.52. The business has a 50 day moving average of $166.42 and a 200-day moving average of $164.56.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($3.26) EPS. Equities analysts anticipate that The Boeing Company will post -16.39 EPS 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.