Strategic Financial Concepts LLC Makes New Investment in The Boeing Company (NYSE:BA)

Strategic Financial Concepts LLC acquired a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,928 shares of the aircraft producer’s stock, valued at approximately $3,704,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of Boeing by 9.3% in the 3rd quarter. CWM LLC now owns 26,552 shares of the aircraft producer’s stock worth $4,037,000 after purchasing an additional 2,249 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Boeing by 691.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock valued at $262,000 after acquiring an additional 1,507 shares during the last quarter. Douglas Lane & Associates LLC boosted its position in shares of Boeing by 12.0% in the 3rd quarter. Douglas Lane & Associates LLC now owns 408,698 shares of the aircraft producer’s stock valued at $62,138,000 after purchasing an additional 43,896 shares during the period. Ameliora Wealth Management Ltd. increased its position in shares of Boeing by 33.3% in the third quarter. Ameliora Wealth Management Ltd. now owns 4,000 shares of the aircraft producer’s stock worth $608,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Orca Investment Management LLC raised its stake in Boeing by 10.4% during the 3rd quarter. Orca Investment Management LLC now owns 3,840 shares of the aircraft producer’s stock valued at $584,000 after purchasing an additional 361 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA opened at $181.51 on Monday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $213.10. The stock has a market cap of $136.14 billion, a PE ratio of -9.91 and a beta of 1.52. The firm has a 50-day simple moving average of $172.22 and a 200 day simple moving average of $164.13.

Boeing (NYSE:BA) last announced its quarterly earnings results 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 quarter in the previous year, the company earned ($0.47) EPS. Research analysts forecast that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BA shares. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Susquehanna boosted their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.