Sax Wealth Advisors LLC Takes Position in The Boeing Company (NYSE:BA)

Sax Wealth Advisors LLC acquired a new stake in The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,638 shares of the aircraft producer's stock, valued at approximately $467,000.

Several other large investors also recently modified their holdings of BA. State Street Corp boosted its stake in Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock valued at $4,223,397,000 after purchasing an additional 636,594 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Boeing by 2.8% during the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer's stock worth $1,774,705,000 after buying an additional 320,415 shares in the last quarter. Jennison Associates LLC boosted its holdings in Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock valued at $1,018,775,000 after purchasing an additional 602,143 shares during the period. Fisher Asset Management LLC grew its position in shares of Boeing by 6.0% during the 3rd quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer's stock worth $739,957,000 after purchasing an additional 277,350 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Boeing by 2.0% during the second quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer's stock worth $624,749,000 after purchasing an additional 67,474 shares during the period. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on BA. DZ Bank downgraded 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. The Goldman Sachs Group reduced their target price on Boeing from $232.00 to $202.00 and set a "buy" rating on the stock in a report on Tuesday, September 24th. Wells Fargo & Company dropped their price target on Boeing from $86.00 to $85.00 and set an "underweight" rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $192.21.

Boeing Stock Up 1.3 %

Boeing stock traded up $2.21 during trading hours on Friday, hitting $171.14. The stock had a trading volume of 9,537,359 shares, compared to its average volume of 9,471,018. The business's 50 day simple moving average is $163.15 and its 200-day simple moving average is $164.75. The Boeing Company has a one year low of $137.03 and a one year high of $217.59. The stock has a market cap of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the business posted ($3.26) EPS. Boeing's revenue was down 1.5% compared to the same quarter last year. Research analysts anticipate that The Boeing Company will post -16.43 EPS for the current fiscal 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.