Sfmg LLC Grows Position in The Boeing Company (NYSE:BA)

Sfmg LLC raised its position in The Boeing Company (NYSE:BA) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,952 shares of the aircraft producer’s stock after buying an additional 64 shares during the quarter. Sfmg LLC’s holdings in Boeing were worth $770,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Phoenix Wealth Advisors purchased a new position in shares of Boeing in the 4th quarter worth about $249,000. Scissortail Wealth Management LLC purchased a new position in shares of Boeing in the 4th quarter worth about $814,000. Tyche Wealth Partners LLC purchased a new position in shares of Boeing in the 4th quarter worth about $580,000. Avior Wealth Management LLC raised its holdings in shares of Boeing by 5.3% in the 4th quarter. Avior Wealth Management LLC now owns 20,569 shares of the aircraft producer’s stock worth $5,362,000 after purchasing an additional 1,030 shares during the period. Finally, Mathes Company Inc. raised its holdings in shares of Boeing by 471.2% during the 4th quarter. Mathes Company Inc. now owns 15,644 shares of the aircraft producer’s stock valued at $4,078,000 after buying an additional 12,905 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

NYSE:BA traded up $2.73 during midday trading on Wednesday, reaching $170.55. 7,986,725 shares of the company traded hands, compared to its average volume of 7,265,883. The Boeing Company has a twelve month low of $167.53 and a twelve month high of $267.54. The firm has a market capitalization of $104.06 billion, a price-to-earnings ratio of -46.34, a price-to-earnings-growth ratio of 114.53 and a beta of 1.52. The company has a fifty day moving average price of $192.69 and a 200 day moving average price of $207.80.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the prior year, the firm earned ($1.75) EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts forecast that The Boeing Company will post 0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on BA shares. Sanford C. Bernstein dropped their target price on Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. JPMorgan Chase & Co. dropped their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Susquehanna dropped their target price on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Melius reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Finally, Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Tuesday, March 26th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $233.88.

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.