Affiance Financial LLC Acquires New Stake in The Boeing Company (NYSE:BA)

Affiance Financial LLC bought a new position in shares of The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,694 shares of the aircraft producer’s stock, valued at approximately $300,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sugar Maple Asset Management LLC bought a new position in Boeing in the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the 3rd quarter worth about $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the 3rd quarter worth about $30,000. Albion Financial Group UT grew its holdings in shares of Boeing by 116.1% in the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after acquiring an additional 159 shares in the last quarter. Finally, Planning Capital Management Corp increased its position in shares of Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 1.4 %

NYSE:BA opened at $175.95 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63. The stock’s 50-day simple moving average is $166.42 and its 200 day simple moving average is $164.56. The firm has a market capitalization of $108.77 billion, a PE ratio of -13.64 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($3.26) EPS. On average, analysts anticipate that The Boeing Company will post -16.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BA shares. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. cut their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Finally, TD Cowen reduced their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.11.

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.