965 Shares in The Boeing Company (NYSE:BA) Bought by Stonebridge Financial Planning Group LLC

Stonebridge Financial Planning Group LLC bought a new stake in The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 965 shares of the aircraft producer’s stock, valued at approximately $252,000.

Several other hedge funds also recently bought and sold shares of BA. CNB Bank raised its holdings in Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares in the last quarter. Evolution Advisers Inc. bought a new position in Boeing in the 4th quarter worth $28,000. Naples Money Management LLC acquired a new stake in shares of Boeing in the fourth quarter valued at about $44,000. Blue Bell Private Wealth Management LLC grew its position in shares of Boeing by 66.2% in the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after purchasing an additional 94 shares during the last quarter. Finally, M&R Capital Management Inc. lifted its position in shares of Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 50 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 3.3 %

Shares of NYSE:BA opened at $167.84 on Wednesday. The company has a 50 day moving average price of $185.21 and a two-hundred day moving average price of $206.38. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period in the previous year, the business posted ($1.75) EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that The Boeing Company will post -0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price objective on Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Morgan Stanley reduced their target price on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Wells Fargo & Company reduced their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. Finally, Sanford C. Bernstein cut their target price on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Boeing has an average rating of “Hold” and an average price target of $222.41.

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.