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

Apollon Financial LLC bought a new stake in shares of The Boeing Company (NYSE:BA) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,165 shares of the aircraft producer’s stock, valued at approximately $206,000.

Several other large investors also recently modified their holdings of BA. Sugar Maple Asset Management LLC bought a new position in Boeing in the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the third quarter worth $28,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the 4th quarter valued at $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing during the 3rd quarter worth $30,000. Finally, Heck Capital Advisors LLC bought a new position in Boeing in the fourth quarter valued at about $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BA shares. TD Cowen lowered their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Robert W. Baird cut their target price 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Boeing in a 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Boeing Trading Down 1.8 %

Shares of Boeing stock opened at $181.51 on Friday. The stock has a fifty day simple moving average of $172.22 and a 200 day simple moving average of $164.29. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $213.10. The company has a market capitalization of $136.14 billion, a P/E ratio of -9.91 and a beta of 1.52.

Boeing (NYSE:BA) last issued 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 quarter in the prior year, the firm earned ($0.47) earnings per share. On average, analysts predict that The Boeing Company will post -2.3 EPS for the current year.

About Boeing

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.