Traphagen Investment Advisors LLC Takes Position in The Boeing Company (NYSE:BA)

Traphagen Investment Advisors LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,471 shares of the aircraft producer’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Simon Quick Advisors LLC boosted its stake in shares of Boeing by 117.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,124 shares of the aircraft producer’s stock worth $730,000 after buying an additional 2,229 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. bought a new position in shares of Boeing in the 4th quarter worth approximately $3,186,000. Fort Washington Investment Advisors Inc. OH raised its position in Boeing by 17.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 744,465 shares of the aircraft producer’s stock worth $131,770,000 after acquiring an additional 108,369 shares during the period. TB Alternative Assets Ltd. purchased a new position in Boeing during the fourth quarter valued at $68,018,000. Finally, ARS Investment Partners LLC bought a new stake in Boeing during the fourth quarter valued at about $16,276,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on BA shares. Citigroup decreased their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Susquehanna decreased their target price on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Robert W. Baird cut their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Trading Up 2.7 %

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

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