Mayflower Financial Advisors LLC Raises Position in The Boeing Company (NYSE:BA)

Mayflower Financial Advisors LLC increased its position in shares of The Boeing Company (NYSE:BA) by 4.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,261 shares of the aircraft producer’s stock after purchasing an additional 137 shares during the period. Mayflower Financial Advisors LLC’s holdings in Boeing were worth $577,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the third quarter worth about $28,000. Cedar Wealth Management LLC acquired a new position in Boeing during the third quarter worth about $30,000. Planning Capital Management Corp lifted its position in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares during the period. Finally, Albion Financial Group UT boosted its stake in shares of Boeing by 116.1% during the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after acquiring an additional 159 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. UBS Group boosted their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Cowen dropped their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Wells Fargo & Company upped their price target on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.00.

Boeing Trading Down 2.1 %

Shares of NYSE:BA opened at $174.03 on Thursday. The firm has a market cap of $107.58 billion, a price-to-earnings ratio of -13.49 and a beta of 1.52. The stock’s 50-day moving average price is $167.68 and its two-hundred day moving average price is $164.19. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $214.63.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the business earned ($0.47) EPS. As a group, research analysts forecast 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.