The Boeing Company (NYSE:BA) Shares Bought by Center for Financial Planning Inc.

Center for Financial Planning Inc. boosted its holdings in shares of The Boeing Company (NYSE:BA) by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 562 shares of the aircraft producer’s stock after buying an additional 60 shares during the quarter. Center for Financial Planning Inc.’s holdings in Boeing were worth $99,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $27,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the 4th quarter valued at $28,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $33,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of Boeing in the 4th quarter valued at $34,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Morgan Stanley dropped their target price 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. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Finally, Robert W. Baird dropped their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Performance

Shares of Boeing stock opened at $184.52 on Friday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10. The company has a market capitalization of $138.40 billion, a P/E ratio of -10.07 and a beta of 1.52. The company’s fifty day moving average is $174.35 and its two-hundred day moving average is $164.25.

Boeing (NYSE:BA) last released its earnings results 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 prior year, the business posted ($0.47) EPS. As a group, equities 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.