The Boeing Company (NYSE:BA) Shares Purchased by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 18.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,794 shares of the aircraft producer’s stock after purchasing an additional 283 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Boeing were worth $318,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BA. Sugar Maple Asset Management LLC purchased a new position in Boeing during the 4th quarter valued at about $27,000. Fiduciary Advisors Inc. purchased a new position in Boeing during the 4th quarter valued at about $28,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing during the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC purchased a new position in Boeing during the 4th quarter valued at about $33,000. Finally, Keystone Financial Group Inc. purchased a new position in Boeing during the 4th quarter valued at about $34,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group lifted their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Morgan Stanley decreased 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. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Down 0.5 %

BA opened at $184.52 on Friday. The firm has a market cap of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10. The business’s 50 day moving average is $174.35 and its two-hundred day moving average is $164.25.

Boeing (NYSE:BA) last released 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 last year, the business earned ($0.47) earnings per share. Equities analysts expect that The Boeing Company will post -2.3 EPS for the current fiscal year.

Boeing 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.