Falcon Wealth Planning Boosts Stake in The Boeing Company (NYSE:BA)

Falcon Wealth Planning increased its stake in shares of The Boeing Company (NYSE:BA) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,184 shares of the aircraft producer’s stock after buying an additional 234 shares during the quarter. Falcon Wealth Planning’s holdings in Boeing were worth $387,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the third quarter valued at $28,000. Cedar Wealth Management LLC purchased a new stake in Boeing in the third quarter valued at $30,000. Albion Financial Group UT grew its position in Boeing by 116.1% during the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after purchasing an additional 159 shares during the period. Finally, Planning Capital Management Corp raised its stake in shares of Boeing by 741.0% during the 3rd 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 during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BA has been the topic of several analyst reports. Robert W. Baird dropped their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Morgan Stanley lowered their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.11.

Boeing Stock Up 1.5 %

Boeing stock opened at $177.79 on Wednesday. The company has a fifty day simple moving average of $167.04 and a 200-day simple moving average of $164.23. The firm has a market capitalization of $109.91 billion, a price-to-earnings ratio of -13.78 and a beta of 1.52. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. On average, research analysts anticipate that The Boeing Company will post -16.39 EPS for the current fiscal year.

About Boeing

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.