Valmark Advisers Inc. Purchases 288 Shares of The Boeing Company (NYSE:BA)

Valmark Advisers Inc. boosted its holdings in The Boeing Company (NYSE:BA) by 9.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,427 shares of the aircraft producer’s stock after buying an additional 288 shares during the period. Valmark Advisers Inc.’s holdings in Boeing were worth $607,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, UBS Group lifted their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two equities research 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Trading Down 0.5 %

NYSE BA opened at $184.52 on Tuesday. The firm has a market capitalization of $138.40 billion, a PE ratio of -10.07 and a beta of 1.52. The business’s 50-day moving average price is $174.96 and its two-hundred day moving average price is $163.90. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10.

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 company posted ($0.47) earnings per share. As a group, analysts forecast that The Boeing Company will post -2.3 earnings per share 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.