Fagan Associates Inc. Has $5.74 Million Holdings in The Boeing Company (NYSE:BA)

Fagan Associates Inc. raised its holdings in shares of The Boeing Company (NYSE:BA) by 9.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 32,425 shares of the aircraft producer’s stock after buying an additional 2,929 shares during the quarter. Fagan Associates Inc.’s holdings in Boeing were worth $5,739,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Boeing in the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing in the fourth quarter valued at $27,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing in the fourth quarter valued at $28,000. HighMark Wealth Management LLC raised its stake in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing in the third quarter valued at $28,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BA has been the topic of a number of analyst reports. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Citigroup upped their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. UBS Group upped their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Two 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 given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Trading Up 0.2 %

NYSE:BA opened at $184.73 on Wednesday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $208.10. The stock has a 50-day simple moving average of $175.92 and a 200 day simple moving average of $164.05.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) earnings per share. As a group, analysts forecast that The Boeing Company will post -2.32 earnings per share for the current fiscal year.

Boeing 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.