Financial Partners Group LLC Has $1.33 Million Stock Position in The Boeing Company (NYSE:BA)

Financial Partners Group LLC lowered its stake in The Boeing Company (NYSE:BA) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,500 shares of the aircraft producer’s stock after selling 361 shares during the quarter. Financial Partners Group LLC’s holdings in Boeing were worth $1,328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Sugar Maple Asset Management LLC bought a new position in Boeing during the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing during the 3rd quarter worth about $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the 3rd quarter worth approximately $30,000. Planning Capital Management Corp raised its stake in Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares during the period. Finally, Albion Financial Group UT lifted its holdings in Boeing by 116.1% during the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after purchasing an additional 159 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Susquehanna dropped their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. TD Cowen dropped their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Wells Fargo & Company decreased their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Two 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.21.

Boeing Stock Performance

Boeing stock opened at $178.34 on Friday. The stock has a market cap of $110.25 billion, a P/E ratio of -13.82 and a beta of 1.52. The firm’s fifty day moving average price is $164.90 and its 200-day moving average price is $164.53. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the company posted ($3.26) earnings per share. Boeing’s quarterly revenue was down 1.5% on a year-over-year basis. Sell-side analysts predict that The Boeing Company will post -16.36 earnings per share for the current 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.