Heritage Financial Services LLC Makes New Investment in The Boeing Company (NYSE:BA)

Heritage Financial Services LLC acquired a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, Holdings Channel reports. The firm acquired 1,213 shares of the aircraft producer’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BA. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the 4th quarter worth about $28,000. Cedar Wealth Management LLC purchased a new stake in Boeing during the third quarter worth approximately $30,000. Finally, Planning Capital Management Corp lifted its stake in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup cut their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Susquehanna increased their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday. Robert W. Baird dropped their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Stock Performance

NYSE:BA opened at $179.47 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63. The firm has a 50-day moving average price of $168.24 and a two-hundred day moving average price of $164.26.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the business posted ($0.47) earnings per share. On average, equities analysts anticipate that The Boeing Company will post -1.61 earnings per share for the current 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.