Albion Financial Group UT Increases Position in The Boeing Company (NYSE:BA)

Albion Financial Group UT lifted its holdings in The Boeing Company (NYSE:BA) by 116.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 296 shares of the aircraft producer’s stock after purchasing an additional 159 shares during the period. Albion Financial Group UT’s holdings in Boeing were worth $52,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Sterling Investment Management LLC lifted its position in shares of Boeing by 35.6% during the fourth quarter. Sterling Investment Management LLC now owns 11,043 shares of the aircraft producer’s stock worth $1,955,000 after purchasing an additional 2,899 shares during the last quarter. Bourne Lent Asset Management Inc. increased its stake in Boeing by 14.8% in the 4th quarter. Bourne Lent Asset Management Inc. now owns 1,550 shares of the aircraft producer’s stock worth $274,000 after buying an additional 200 shares during the period. XML Financial LLC lifted its holdings in Boeing by 1.4% during the 4th quarter. XML Financial LLC now owns 9,557 shares of the aircraft producer’s stock valued at $1,692,000 after buying an additional 132 shares in the last quarter. Traphagen Investment Advisors LLC purchased a new stake in Boeing in the 4th quarter valued at about $260,000. Finally, Simon Quick Advisors LLC grew its stake in Boeing by 117.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,124 shares of the aircraft producer’s stock worth $730,000 after acquiring an additional 2,229 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.4 %

BA opened at $174.87 on Thursday. The firm’s 50-day moving average price is $164.20 and its 200-day moving average price is $164.46. The company has a market cap of $108.11 billion, a P/E ratio of -13.56 and a beta of 1.52. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm earned ($3.26) EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, research analysts anticipate that The Boeing Company will post -16.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research reports. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Morgan Stanley dropped their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. JPMorgan Chase & Co. cut their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Finally, UBS Group dropped their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average target price of $192.21.

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.