Financial Partners Group Inc Makes New $203,000 Investment in The Boeing Company (NYSE:BA)

Financial Partners Group Inc bought a new position in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,146 shares of the aircraft producer’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BA. Czech National Bank boosted its position in shares of Boeing by 8.4% in the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after purchasing an additional 9,281 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Boeing by 6.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,069 shares of the aircraft producer’s stock worth $619,000 after purchasing an additional 264 shares in the last quarter. Herbst Group LLC boosted its position in shares of Boeing by 1.0% in the 3rd quarter. Herbst Group LLC now owns 15,751 shares of the aircraft producer’s stock worth $2,395,000 after purchasing an additional 160 shares in the last quarter. Smith Anglin Financial LLC boosted its position in shares of Boeing by 2.3% in the 3rd quarter. Smith Anglin Financial LLC now owns 3,618 shares of the aircraft producer’s stock worth $550,000 after purchasing an additional 82 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in shares of Boeing by 7.1% in the 3rd quarter. Miracle Mile Advisors LLC now owns 20,264 shares of the aircraft producer’s stock worth $3,081,000 after purchasing an additional 1,344 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $176.26 on Monday. The Boeing Company has a one year low of $137.03 and a one year high of $214.63. The business has a fifty day moving average price of $169.50 and a 200-day moving average price of $164.20.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 period in the previous year, the firm posted ($0.47) earnings per share. Equities research analysts anticipate that The Boeing Company will post -2.12 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on BA. Susquehanna boosted their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Robert W. Baird lowered their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped 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. Finally, Morgan Stanley lowered their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

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.