XML Financial LLC Buys 132 Shares of The Boeing Company (NYSE:BA)

XML Financial LLC lifted its position in The Boeing Company (NYSE:BA) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,557 shares of the aircraft producer’s stock after acquiring an additional 132 shares during the quarter. XML Financial LLC’s holdings in Boeing were worth $1,692,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Traphagen Investment Advisors LLC bought a new stake in Boeing in the 4th quarter worth about $260,000. Simon Quick Advisors LLC boosted its stake in shares of Boeing by 117.6% in the 4th quarter. Simon Quick Advisors LLC now owns 4,124 shares of the aircraft producer’s stock worth $730,000 after buying an additional 2,229 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. bought a new position in shares of Boeing in the fourth quarter valued at approximately $3,186,000. Fort Washington Investment Advisors Inc. OH increased its position in shares of Boeing by 17.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 744,465 shares of the aircraft producer’s stock valued at $131,770,000 after acquiring an additional 108,369 shares during the last quarter. Finally, TB Alternative Assets Ltd. bought a new stake in Boeing during the fourth quarter worth $68,018,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on BA. JPMorgan Chase & Co. reduced their price objective on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Susquehanna decreased their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Wells Fargo & Company dropped their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lowered their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Two 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Trading Up 2.7 %

BA stock opened at $175.63 on Wednesday. The firm has a 50 day moving average of $163.59 and a 200-day moving average of $164.52. The firm has a market capitalization of $108.58 billion, a P/E ratio of -13.61 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm posted ($3.26) earnings per share. Sell-side analysts predict that The Boeing Company will post -16.43 EPS 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.