SNS Financial Group LLC Takes $238,000 Position in The Boeing Company (NYSE:BA)

SNS Financial Group LLC bought a new position in The Boeing Company (NYSE:BA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,344 shares of the aircraft producer’s stock, valued at approximately $238,000.

Several other institutional investors have also recently bought and sold shares of BA. Allspring Global Investments Holdings LLC raised its holdings in Boeing by 90.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 71,090 shares of the aircraft producer’s stock worth $10,809,000 after acquiring an additional 33,695 shares during the period. Calton & Associates Inc. bought a new position in Boeing in the 3rd quarter worth $270,000. Sequoia Financial Advisors LLC raised its holdings in Boeing by 10.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 23,217 shares of the aircraft producer’s stock worth $3,530,000 after acquiring an additional 2,179 shares during the period. Eastern Bank raised its holdings in Boeing by 154.0% in the 3rd quarter. Eastern Bank now owns 12,120 shares of the aircraft producer’s stock worth $1,843,000 after acquiring an additional 7,348 shares during the period. Finally, Waldron Private Wealth LLC raised its holdings in Boeing by 9.3% in the 3rd quarter. Waldron Private Wealth LLC now owns 5,431 shares of the aircraft producer’s stock worth $826,000 after acquiring an additional 461 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $186.20 on Thursday. The company has a market capitalization of $139.66 billion, a PE ratio of -10.16 and a beta of 1.52. The Boeing Company has a one year low of $137.03 and a one year high of $208.10. The business has a 50 day simple moving average of $176.32 and a 200 day simple moving average of $164.20.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) earnings per share. Equities analysts anticipate that The Boeing Company will post -2.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on BA shares. Robert W. Baird decreased their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. UBS Group raised their price objective on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

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.