SNS Financial Group LLC Takes Position in The Boeing Company (NYSE:BA)

SNS Financial Group LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,344 shares of the aircraft producer's stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Chaney Capital Management Inc. lifted its holdings in Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock valued at $508,000 after purchasing an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock valued at $1,878,000 after buying an additional 59 shares during the period. Center for Financial Planning Inc. increased its position in shares of Boeing by 12.0% during the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock valued at $99,000 after buying an additional 60 shares during the period. Beacon Capital Management LLC increased its position in shares of Boeing by 4.0% during the fourth quarter. Beacon Capital Management LLC now owns 1,709 shares of the aircraft producer's stock valued at $302,000 after buying an additional 65 shares during the period. Finally, Sterneck Capital Management LLC increased its position in shares of Boeing by 2.3% during the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer's stock valued at $530,000 after buying an additional 66 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Trading Down 2.0 %

BA traded down $3.56 during trading on Friday, reaching $177.32. The stock had a trading volume of 7,174,517 shares, compared to its average volume of 7,725,874. The stock's 50 day moving average is $176.58 and its two-hundred day moving average is $164.32. The company has a market capitalization of $133.00 billion, a price-to-earnings ratio of -9.69 and a beta of 1.52. The Boeing Company has a one year low of $137.03 and a one year high of $208.10.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data 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 last year, the company posted ($0.47) earnings per share. On average, equities research analysts predict that The Boeing Company will post -2.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Benchmark reiterated a "buy" rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. Sanford C. Bernstein cut Boeing from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Northcoast Research upgraded shares of Boeing from a "sell" rating to a "neutral" rating in a research report on Thursday, December 12th. Finally, Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $195.16.

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.