Financial Advocates Investment Management Has $5.76 Million Stock Holdings in The Boeing Company (NYSE:BA)

Financial Advocates Investment Management boosted its holdings in shares of The Boeing Company (NYSE:BA) by 8.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,541 shares of the aircraft producer’s stock after acquiring an additional 2,474 shares during the quarter. Financial Advocates Investment Management’s holdings in Boeing were worth $5,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing during the 4th quarter worth about $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing during the 3rd quarter valued at about $30,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Boeing in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 3.2 %

BA stock opened at $181.80 on Thursday. The business’s 50-day simple moving average is $170.47 and its 200 day simple moving average is $164.00. The company has a market cap of $112.39 billion, a PE ratio of -9.92 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $213.77.

Boeing (NYSE:BA) last released 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 last year, the company posted ($0.47) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -2.12 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on BA shares. Citigroup cut their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a report on Tuesday, October 15th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

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.