Telos Capital Management Inc. Makes New $223,000 Investment in The Boeing Company (NYSE:BA)

Telos Capital Management Inc. acquired a new stake in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 1,259 shares of the aircraft producer’s stock, valued at approximately $223,000.

Several other large investors have also added to or reduced their stakes in BA. CWM LLC raised its stake in shares of Boeing by 9.3% in the third quarter. CWM LLC now owns 26,552 shares of the aircraft producer’s stock valued at $4,037,000 after acquiring an additional 2,249 shares during the period. Quotient Wealth Partners LLC grew its holdings in Boeing by 23.6% during the 3rd quarter. Quotient Wealth Partners LLC now owns 1,530 shares of the aircraft producer’s stock worth $233,000 after acquiring an additional 292 shares in the last quarter. Watts Gwilliam & Co. LLC purchased a new position in Boeing during the third quarter valued at approximately $365,000. Scott Capital Advisors LLC increased its holdings in shares of Boeing by 16.5% in the 3rd quarter. Scott Capital Advisors LLC now owns 1,557 shares of the aircraft producer’s stock valued at $237,000 after acquiring an additional 221 shares during the period. Finally, JGP Wealth Management LLC raised its holdings in Boeing by 18.7% in the third quarter. JGP Wealth Management LLC now owns 1,398 shares of the aircraft producer’s stock worth $213,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group raised their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Citigroup lowered their price target on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company lifted their price target on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Finally, Robert W. Baird dropped their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned 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 $195.00.

Boeing Trading Down 1.8 %

Boeing stock opened at $181.51 on Friday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $213.10. The stock has a market cap of $112.21 billion, a price-to-earnings ratio of -9.91 and a beta of 1.52. The company’s 50-day moving average price is $171.70 and its two-hundred day moving average price is $164.27.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company earned ($0.47) earnings per share. Research analysts expect that The Boeing Company will post -2.12 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.