The Boeing Company (NYSE:BA) Shares Acquired by West Financial Advisors LLC

West Financial Advisors LLC grew its stake in The Boeing Company (NYSE:BA) by 46.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 633 shares of the aircraft producer’s stock after buying an additional 200 shares during the period. West Financial Advisors LLC’s holdings in Boeing were worth $112,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BA. Winch Advisory Services LLC lifted its position in Boeing by 56.1% during the 4th quarter. Winch Advisory Services LLC now owns 618 shares of the aircraft producer’s stock worth $109,000 after acquiring an additional 222 shares during the period. RMR Wealth Builders purchased a new position in shares of Boeing in the fourth quarter worth about $333,000. Connective Portfolio Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth about $1,062,000. Pinnacle Bancorp Inc. boosted its position in Boeing by 70.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 494 shares of the aircraft producer’s stock valued at $87,000 after buying an additional 204 shares during the last quarter. Finally, Godsey & Gibb Inc. increased its holdings in Boeing by 107.7% in the 4th quarter. Godsey & Gibb Inc. now owns 351 shares of the aircraft producer’s stock worth $62,000 after buying an additional 182 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Down 0.5 %

BA opened at $166.25 on Thursday. The company has a market cap of $102.78 billion, a PE ratio of -12.89 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59. The company has a 50-day moving average price of $162.02 and a 200 day moving average price of $164.97.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. Boeing’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($3.26) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post -16.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Morgan Stanley reduced their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Robert W. Baird dropped their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, UBS Group decreased their price target on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

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.