Quantum Financial Planning Services Inc. Buys Shares of 1,726 The Boeing Company (NYSE:BA)

Quantum Financial Planning Services Inc. acquired a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,726 shares of the aircraft producer’s stock, valued at approximately $306,000. Boeing accounts for about 0.2% of Quantum Financial Planning Services Inc.’s investment portfolio, making the stock its 28th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing during the 4th quarter worth $28,000. Cedar Wealth Management LLC purchased a new position in Boeing in the third quarter valued at $30,000. Finally, Planning Capital Management Corp raised its stake 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 buying an additional 289 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 3.3 %

Shares of NYSE BA opened at $179.47 on Friday. The stock has a fifty day moving average price of $168.24 and a 200 day moving average price of $164.26. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $214.63.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the firm posted ($0.47) earnings per share. On average, equities analysts expect that The Boeing Company will post -1.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Citigroup decreased their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Benchmark reissued a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.