Barnes Pettey Financial Advisors LLC Invests $222,000 in The Boeing Company (NYSE:BA)

Barnes Pettey Financial Advisors LLC bought a new stake in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,255 shares of the aircraft producer’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Sugar Maple Asset Management LLC bought a new position in Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. bought a new stake in Boeing during the fourth quarter worth about $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing during the third quarter valued at approximately $30,000. Finally, Planning Capital Management Corp raised its stake in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 3.3 %

Shares of BA stock opened at $179.47 on Friday. The stock has a market capitalization of $110.95 billion, a price-to-earnings ratio of -13.91 and a beta of 1.52. The stock has a fifty day simple moving average of $168.24 and a two-hundred day simple moving average of $164.26. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) earnings per share. Research analysts predict that The Boeing Company will post -16.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on BA. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday. UBS Group upped their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

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.