Cornerstone Planning Group LLC Purchases 228 Shares of The Boeing Company (NYSE:BA)

Cornerstone Planning Group LLC lifted its position in The Boeing Company (NYSE:BA) by 356.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 292 shares of the aircraft producer’s stock after acquiring an additional 228 shares during the quarter. Cornerstone Planning Group LLC’s holdings in Boeing were worth $51,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BA. Chaney Capital Management Inc. boosted its holdings in shares of Boeing by 2.1% in the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after purchasing an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in shares of Boeing by 0.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after purchasing an additional 59 shares during the last quarter. Sterneck Capital Management LLC boosted its holdings in shares of Boeing by 2.3% in the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after purchasing an additional 66 shares during the last quarter. Peoples Financial Services CORP. boosted its holdings in shares of Boeing by 0.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares during the last quarter. Finally, GSG Advisors LLC lifted its holdings in shares of Boeing by 4.7% during the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BA shares. UBS Group lifted their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price target 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. Morgan Stanley dropped their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Finally, DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average price target of $195.00.

Boeing Trading Down 1.8 %

Shares of NYSE BA opened at $181.51 on Monday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $213.10. The company has a 50-day moving average of $172.22 and a two-hundred day moving average of $164.13. The company has a market cap of $136.14 billion, a PE 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 the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the business posted ($0.47) EPS. As a group, equities research analysts forecast that The Boeing Company will post -2.3 earnings per share for the current 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.