Clayton Financial Group LLC Makes New Investment in The Boeing Company (NYSE:BA)

Clayton Financial Group LLC acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,235 shares of the aircraft producer's stock, valued at approximately $1,104,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterneck Capital Management LLC lifted 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 worth $530,000 after purchasing an additional 66 shares in the last quarter. Peoples Financial Services CORP. lifted its position in shares of Boeing by 0.8% during the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer's stock worth $1,352,000 after purchasing an additional 67 shares in the last quarter. GSG Advisors LLC lifted its position in shares of Boeing by 4.7% during the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer's stock worth $264,000 after purchasing an additional 67 shares in the last quarter. Bay Rivers Group lifted its position in shares of Boeing by 1.0% during the fourth quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer's stock worth $1,313,000 after purchasing an additional 70 shares in the last quarter. Finally, Altus Wealth Group LLC lifted its position in shares of Boeing by 5.7% during the third quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer's stock worth $201,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent research reports. 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 research note on Thursday, January 2nd. UBS Group upped their target price 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. JPMorgan Chase & Co. upped their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Benchmark reiterated a "buy" rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Finally, Citigroup dropped their price target on shares of Boeing from $209.00 to $207.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Boeing has an average rating of "Moderate Buy" and a consensus target price of $195.00.

Boeing Trading Down 1.8 %

Shares of BA stock traded down $3.29 during mid-day trading on Friday, reaching $181.51. The stock had a trading volume of 5,385,293 shares, compared to its average volume of 7,716,679. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $213.10. The company has a market cap of $136.14 billion, a P/E ratio of -9.91 and a beta of 1.52. The business has a 50-day simple moving average of $172.22 and a 200 day simple moving average of $164.29.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data 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 period in the previous year, the firm posted ($0.47) earnings per share. Research analysts anticipate that The Boeing Company will post -2.3 EPS for the current year.

Boeing Company 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.