Quantum Financial Planning Services Inc. Invests $306,000 in The Boeing Company (NYSE:BA)

Quantum Financial Planning Services Inc. bought a new stake in The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,726 shares of the aircraft producer's stock, valued at approximately $306,000. Boeing makes up 0.2% of Quantum Financial Planning Services Inc.'s portfolio, making the stock its 28th biggest holding.

A number of other institutional investors have also recently made changes to their positions in BA. Barnes Pettey Financial Advisors LLC acquired a new stake in Boeing in the 4th quarter valued at about $222,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. Cibc World Market Inc. increased its holdings in shares of Boeing by 69.4% in the fourth quarter. Cibc World Market Inc. now owns 148,782 shares of the aircraft producer's stock valued at $26,334,000 after purchasing an additional 60,953 shares during the last quarter. Clarity Financial LLC purchased a new position in Boeing during the fourth quarter worth approximately $664,000. Finally, Strategic Wealth Investment Group LLC grew its holdings in Boeing by 3.3% in the 4th quarter. Strategic Wealth Investment Group LLC now owns 85,650 shares of the aircraft producer's stock valued at $15,160,000 after buying an additional 2,726 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 1.5 %

BA traded down $2.71 on Friday, reaching $176.82. The company had a trading volume of 3,465,287 shares, compared to its average volume of 8,618,842. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $214.63. The stock has a market capitalization of $109.31 billion, a PE ratio of -9.65 and a beta of 1.52. The stock has a 50-day moving average price of $168.96 and a 200-day moving average price of $164.37.

Boeing (NYSE:BA - Get Free Report) last announced 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 business earned ($0.47) earnings per share. As a group, analysts expect that The Boeing Company will post -1.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BA shares. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a report on Wednesday. Northcoast Research upgraded shares of Boeing from a "sell" rating to a "neutral" rating in a report on Thursday, December 12th. Susquehanna increased their price objective on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday. Finally, Citigroup reduced their target price on Boeing from $209.00 to $207.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $195.00.

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.