Global Retirement Partners LLC Raises Stock Position in The Boeing Company (NYSE:BA)

Global Retirement Partners LLC boosted its holdings in The Boeing Company (NYSE:BA - Free Report) by 30.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,852 shares of the aircraft producer's stock after acquiring an additional 5,271 shares during the quarter. Global Retirement Partners LLC's holdings in Boeing were worth $4,045,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BA. Chaney Capital Management Inc. grew its holdings in shares of Boeing by 2.1% in the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after acquiring an additional 58 shares during the period. Farmers & Merchants Investments Inc. boosted its position in Boeing by 0.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock worth $1,878,000 after purchasing an additional 59 shares during the last quarter. Center for Financial Planning Inc. grew its stake in shares of Boeing by 12.0% during the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock valued at $99,000 after purchasing an additional 60 shares during the period. Beacon Capital Management LLC increased its position in shares of Boeing by 4.0% during the 4th quarter. Beacon Capital Management LLC now owns 1,709 shares of the aircraft producer's stock valued at $302,000 after purchasing an additional 65 shares during the last quarter. Finally, Sterneck Capital Management LLC lifted its stake in shares of Boeing by 2.3% in the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer's stock worth $530,000 after purchasing an additional 66 shares during the period. Institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

BA has been the subject of a number of research reports. Susquehanna upped their target price on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their target price on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Northcoast Research raised Boeing from a "sell" rating to a "neutral" rating in a report on Thursday, December 12th. UBS Group raised their price objective on Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $195.16.

Boeing Stock Down 1.9 %

NYSE BA traded down $3.36 during trading hours on Friday, hitting $177.52. 6,713,083 shares of the company were exchanged, compared to its average volume of 7,714,806. The stock has a market cap of $133.15 billion, a PE ratio of -9.69 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10. The stock has a 50-day moving average price of $176.58 and a 200 day moving average price of $164.32.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly 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 period in the prior year, the company posted ($0.47) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -2.32 earnings per share for the current year.

About Boeing

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.