CFS Investment Advisory Services LLC Makes New Investment in The Boeing Company (NYSE:BA)

CFS Investment Advisory Services LLC purchased a new position in shares of The Boeing Company (NYSE:BA) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,806 shares of the aircraft producer’s stock, valued at approximately $427,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Madison Park Capital Advisors LLC boosted its holdings in shares of Boeing by 4.9% during the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after buying an additional 56 shares in the last quarter. Wealth Alliance Advisory Group LLC boosted its holdings in shares of Boeing by 1.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after buying an additional 60 shares in the last quarter. IMS Capital Management boosted its holdings in shares of Boeing by 0.4% during the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after buying an additional 62 shares in the last quarter. ADE LLC lifted its holdings in shares of Boeing by 4.4% in the 2nd quarter. ADE LLC now owns 1,539 shares of the aircraft producer’s stock worth $280,000 after purchasing an additional 65 shares in the last quarter. Finally, Peoples Financial Services CORP. lifted its holdings in shares of Boeing by 0.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after purchasing an additional 67 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BA shares. Deutsche Bank Aktiengesellschaft cut their target price on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, October 30th. UBS Group cut their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Wells Fargo & Company cut their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Finally, Robert W. Baird cut their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $190.37.

Boeing Price Performance

Shares of Boeing stock opened at $149.27 on Friday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54. The firm has a market cap of $92.28 billion, a PE ratio of -11.57 and a beta of 1.57. The stock has a fifty day moving average price of $151.70 and a 200-day moving average price of $168.42.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the previous year, the company posted ($3.26) earnings per share. Boeing’s revenue was down 1.5% on a year-over-year basis. As a group, equities analysts anticipate that The Boeing Company will post -16.2 EPS for the current fiscal year.

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.