Essex Financial Services Inc. Has $1.21 Million Holdings in The Boeing Company (NYSE:BA)

Essex Financial Services Inc. grew its position in The Boeing Company (NYSE:BA) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,817 shares of the aircraft producer’s stock after purchasing an additional 229 shares during the quarter. Essex Financial Services Inc.’s holdings in Boeing were worth $1,207,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the 4th quarter worth approximately $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. acquired a new stake in Boeing during the fourth quarter worth approximately $28,000. Cedar Wealth Management LLC bought a new position in Boeing during the 3rd quarter worth $30,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing in the 4th quarter valued at $33,000. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on BA. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. UBS Group increased their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Citigroup upped their price target on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday. Finally, DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Stock Performance

Shares of NYSE:BA opened at $180.51 on Wednesday. The firm has a market cap of $135.39 billion, a PE ratio of -9.85 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $209.80. The firm’s fifty day moving average is $172.70 and its 200-day moving average is $163.99.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the company posted ($0.47) earnings per share. Sell-side analysts forecast that The Boeing Company will post -2.3 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.