The Boeing Company (NYSE:BA) Shares Bought by Citizens & Northern Corp

Citizens & Northern Corp grew its holdings in The Boeing Company (NYSE:BA) by 4.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,154 shares of the aircraft producer’s stock after buying an additional 247 shares during the quarter. Citizens & Northern Corp’s holdings in Boeing were worth $1,089,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in Boeing in the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the third quarter valued at about $28,000. Fiduciary Advisors Inc. purchased a new stake in Boeing during the fourth quarter worth about $28,000. Finally, Cedar Wealth Management LLC acquired a new position in Boeing during the third quarter worth about $30,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BA. Susquehanna upped their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. UBS Group boosted their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Price Performance

BA opened at $184.52 on Tuesday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10. The business has a 50-day moving average of $174.96 and a two-hundred day moving average of $163.90. The stock has a market capitalization of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52.

Boeing (NYSE:BA) last released its earnings results 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 in the previous year, the firm posted ($0.47) EPS. Equities research 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.