Soltis Investment Advisors LLC Acquires 3,596 Shares of The Boeing Company (NYSE:BA)

Soltis Investment Advisors LLC increased its holdings in The Boeing Company (NYSE:BA) by 14.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 28,104 shares of the aircraft producer’s stock after buying an additional 3,596 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Boeing were worth $4,974,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new position in Boeing during the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing during the 4th quarter valued at $28,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the 3rd quarter worth $28,000. Heck Capital Advisors LLC bought a new stake in shares of Boeing in the fourth quarter worth $33,000. Finally, Keystone Financial Group Inc. purchased a new stake in Boeing during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on BA. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. UBS Group increased their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. 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, the company currently has an average rating of “Moderate Buy” and an average price target of $195.00.

Boeing Price Performance

BA stock opened at $181.51 on Monday. The company has a market capitalization of $136.14 billion, a PE ratio of -9.91 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $213.10. The firm’s 50-day moving average is $172.22 and its 200 day moving average is $164.13.

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

Boeing 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.