Sivia Capital Partners LLC Invests $222,000 in The Boeing Company (NYSE:BA)

Sivia Capital Partners LLC acquired a new stake in The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,254 shares of the aircraft producer’s stock, valued at approximately $222,000.

Several other institutional investors have also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC purchased a new position in Boeing in the third quarter worth about $30,000. Kiely Wealth Advisory Group Inc. purchased a new position in shares of Boeing during the 2nd quarter worth $33,000. Planning Capital Management Corp raised its stake in Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in Boeing by 325.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 302 shares of the aircraft producer’s stock worth $55,000 after buying an additional 231 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BA shares. Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Wells Fargo & Company lowered their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Susquehanna dropped their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Finally, Jefferies Financial Group reduced their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Trading Down 0.8 %

NYSE:BA traded down $1.42 during midday trading on Monday, hitting $170.58. 4,333,873 shares of the company were exchanged, compared to its average volume of 8,281,078. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59. The company has a market capitalization of $105.45 billion, a PE ratio of -13.22 and a beta of 1.52. The company has a fifty day simple moving average of $161.39 and a 200 day simple moving average of $165.16.

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