Financial Partners Group Inc Makes New $203,000 Investment in The Boeing Company (NYSE:BA)

Financial Partners Group Inc purchased a new position in The Boeing Company (NYSE:BA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,146 shares of the aircraft producer’s stock, valued at approximately $203,000.

A number of other institutional investors have also bought and sold shares of BA. Czech National Bank increased its stake in Boeing by 8.4% in the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after buying an additional 9,281 shares in the last quarter. GAMMA Investing LLC increased its stake in Boeing by 6.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,069 shares of the aircraft producer’s stock worth $619,000 after buying an additional 264 shares in the last quarter. Herbst Group LLC increased its stake in Boeing by 1.0% in the 3rd quarter. Herbst Group LLC now owns 15,751 shares of the aircraft producer’s stock worth $2,395,000 after buying an additional 160 shares in the last quarter. Smith Anglin Financial LLC increased its stake in Boeing by 2.3% in the 3rd quarter. Smith Anglin Financial LLC now owns 3,618 shares of the aircraft producer’s stock worth $550,000 after buying an additional 82 shares in the last quarter. Finally, Miracle Mile Advisors LLC grew its position in shares of Boeing by 7.1% during the third quarter. Miracle Mile Advisors LLC now owns 20,264 shares of the aircraft producer’s stock valued at $3,081,000 after purchasing an additional 1,344 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.00.

Boeing Stock Performance

BA opened at $176.26 on Monday. The business has a fifty day moving average of $169.50 and a 200 day moving average of $164.20. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the firm posted ($0.47) earnings per share. On average, analysts expect that The Boeing Company will post -2.12 EPS for the current fiscal year.

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.