Cvfg LLC Makes New $290,000 Investment in The Boeing Company (NYSE:BA)

Cvfg LLC purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,636 shares of the aircraft producer's stock, valued at approximately $290,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc grew its stake in Boeing by 54.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock valued at $358,000 after purchasing an additional 710 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Boeing by 8.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer's stock valued at $72,075,000 after acquiring an additional 38,300 shares during the period. Principal Financial Group Inc. increased its stake in shares of Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock worth $101,296,000 after purchasing an additional 38,332 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock worth $1,018,775,000 after purchasing an additional 602,143 shares during the period. Finally, World Investment Advisors LLC lifted its stake in Boeing by 243.4% in the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock valued at $818,000 after purchasing an additional 3,814 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Stock Up 1.3 %

Shares of BA stock traded up $2.21 during trading on Friday, hitting $171.14. The company had a trading volume of 9,537,359 shares, compared to its average volume of 8,147,399. The stock's 50-day moving average is $162.76 and its two-hundred day moving average is $165.00. The stock has a market capitalization of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59.

Boeing (NYSE:BA - Get Free Report) last issued 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 firm had revenue of $17.84 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter last year, the firm earned ($3.26) earnings per share. Boeing's revenue was down 1.5% on a year-over-year basis. On average, research analysts predict that The Boeing Company will post -16.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. Northcoast Research upgraded shares of Boeing from a "sell" rating to a "neutral" rating in a research report on Thursday, December 12th. Susquehanna lowered their price target 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. Finally, Citigroup cut their price objective on shares of Boeing from $224.00 to $209.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. Two equities 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. Based on data from MarketBeat, Boeing currently has a consensus rating of "Moderate Buy" and an average price target of $192.21.

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.