Tempus Wealth Planning LLC Grows Position in The Boeing Company (NYSE:BA)

Tempus Wealth Planning LLC boosted its holdings in shares of The Boeing Company (NYSE:BA) by 6.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,608 shares of the aircraft producer’s stock after purchasing an additional 447 shares during the period. Tempus Wealth Planning LLC’s holdings in Boeing were worth $1,347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Sugar Maple Asset Management LLC purchased a new position in Boeing during the fourth quarter valued at $27,000. Fiduciary Advisors Inc. bought a new stake in Boeing during the fourth quarter worth about $28,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the third quarter worth about $28,000. Heck Capital Advisors LLC bought a new position in shares of Boeing during the fourth quarter valued at approximately $33,000. Finally, Cedar Wealth Management LLC bought a new stake in shares of Boeing in the 3rd quarter worth approximately $30,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. UBS Group lifted their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. DZ Bank downgraded 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. Susquehanna upped their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Finally, TD Cowen reduced their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to 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 $175.95 on Tuesday. The company has a fifty day moving average of $169.50 and a 200 day moving average of $164.05. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $213.77. The stock has a market capitalization of $108.77 billion, a price-to-earnings ratio of -9.60 and a beta of 1.52.

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