Strategic Blueprint LLC Grows Position in The Boeing Company (NYSE:BA)

Strategic Blueprint LLC grew its stake in The Boeing Company (NYSE:BA) by 37.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,346 shares of the aircraft producer’s stock after buying an additional 905 shares during the quarter. Strategic Blueprint LLC’s holdings in Boeing were worth $592,000 as of its most recent SEC filing.

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

Boeing Stock Down 1.8 %

BA opened at $176.26 on Friday. The business has a fifty day moving average of $168.96 and a 200 day moving average of $164.37. The stock has a market cap of $108.96 billion, a P/E ratio of -9.62 and a beta of 1.52. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) EPS. Equities analysts anticipate that The Boeing Company will post -1.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the topic of several research analyst reports. Morgan Stanley lowered their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Susquehanna increased their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday. Wells Fargo & Company increased their price target on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $195.00.

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.