C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $772,000 Stock Position in The Boeing Company (NYSE:BA)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in The Boeing Company (NYSE:BA) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,363 shares of the aircraft producer’s stock after buying an additional 686 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Boeing were worth $772,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in Boeing during the fourth quarter worth $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. bought a new position in Boeing in the 4th quarter valued at about $28,000. Finally, HighMark Wealth Management LLC boosted its stake in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Up 0.7 %

NYSE BA opened at $186.20 on Thursday. The firm has a market cap of $139.66 billion, a P/E ratio of -10.16 and a beta of 1.52. The company’s 50 day moving average is $176.32 and its 200-day moving average is $164.20. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) EPS. Equities analysts expect that The Boeing Company will post -2.32 EPS 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.