Planning Center Inc. Makes New Investment in The Boeing Company (NYSE:BA)

Planning Center Inc. purchased a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,293 shares of the aircraft producer’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new position in Boeing during the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the 3rd quarter worth approximately $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing in the 3rd quarter valued at approximately $30,000. Planning Capital Management Corp raised its position in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares during the period. Finally, Albion Financial Group UT boosted its position in shares of Boeing by 116.1% during the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after buying an additional 159 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. UBS Group lowered their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. TD Cowen cut their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Morgan Stanley decreased their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.11.

Boeing Price Performance

Shares of BA opened at $177.79 on Wednesday. The firm has a fifty day moving average price of $167.04 and a 200 day moving average price of $164.23. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63.

Boeing (NYSE:BA) last announced its earnings results 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 previous year, the business earned ($0.47) earnings per share. As a group, equities analysts expect that The Boeing Company will post -16.39 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.