Essex Financial Services Inc. Has $1.21 Million Stock Position in The Boeing Company (NYSE:BA)

Essex Financial Services Inc. raised its holdings in The Boeing Company (NYSE:BA) by 3.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,817 shares of the aircraft producer’s stock after acquiring an additional 229 shares during the quarter. Essex Financial Services Inc.’s holdings in Boeing were worth $1,207,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the 4th quarter valued at $27,000. Fiduciary Advisors Inc. bought a new stake in Boeing in the fourth quarter valued at $28,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the 3rd quarter worth about $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Boeing in the 4th quarter valued at about $33,000. Finally, Keystone Financial Group Inc. bought a new stake in Boeing in the 4th quarter valued at about $34,000. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on BA. UBS Group increased 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. Morgan Stanley decreased their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Wells Fargo & Company boosted their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Finally, DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Price Performance

NYSE:BA opened at $180.51 on Wednesday. The company has a market capitalization of $135.39 billion, a P/E ratio of -9.85 and a beta of 1.52. The business has a fifty day simple moving average of $172.70 and a two-hundred day simple moving average of $163.99. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $209.80.

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 analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company posted ($0.47) earnings per share. As a group, analysts anticipate that The Boeing Company will post -2.3 earnings per share for the current 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.