Traphagen Investment Advisors LLC Makes New $260,000 Investment in The Boeing Company (NYSE:BA)

Traphagen Investment Advisors LLC bought a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,471 shares of the aircraft producer’s stock, valued at approximately $260,000.

Several other large investors have also recently made changes to their positions in BA. Simon Quick Advisors LLC grew its position in Boeing by 117.6% during the fourth quarter. Simon Quick Advisors LLC now owns 4,124 shares of the aircraft producer’s stock valued at $730,000 after buying an additional 2,229 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. purchased a new stake in shares of Boeing during the 4th quarter worth about $3,186,000. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Boeing by 17.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 744,465 shares of the aircraft producer’s stock valued at $131,770,000 after purchasing an additional 108,369 shares in the last quarter. TB Alternative Assets Ltd. acquired a new position in Boeing in the 4th quarter worth about $68,018,000. Finally, ARS Investment Partners LLC purchased a new position in Boeing during the fourth quarter worth approximately $16,276,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of BA stock opened at $175.63 on Wednesday. The firm’s 50-day moving average is $163.59 and its two-hundred day moving average is $164.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59. The company has a market capitalization of $108.58 billion, a PE ratio of -13.61 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($3.26) earnings per share. Sell-side analysts forecast that The Boeing Company will post -16.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BA shares. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Robert W. Baird reduced their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. dropped their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Wells Fargo & Company reduced their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Finally, Morgan Stanley lowered their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given 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 target price of $192.21.

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.